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May 14 - 07:55 AM

AUD/USD - Climbs To One-Week Peak As Won Jumps Vs Greenback

By Robert Howard  —  May 14 - 05:52 AM

• AUD/USD helped to one-week high of 0.6501 by won gains vs USD on FX news

• South Korea's Choi discussed FX with U.S. Treasury official last week

• 0.6465 was late Asia/early Europe low for AUD/USD -- before South Korea news

• There is a big 0.6500 option expiry for the NY cut; A$1.5 billion strike

• 0.67 option strikes in demand (AUD/USD was last at 0.67 in October 2024)

• Australian employment data due at 0130 GMT; 20k f/c. Jobless rate f/c 4.1%

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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