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Feb 12 - 07:55 AM

AUD/USD - On 0.65 Handle As CBA Lures Funds Exiting China

By Rob Howard  —  Feb 12 - 06:25 AM
  • AUD/USD has traded a 17.5 pip range since London open; 0.6513 = session low

  • 0.6540 was last week's high. CBA lures funds exiting China nL4N3ER1MC

  • CFTC data showed net AUD short jumped to 11-week high in week ended Feb 6

  • 1.0645 is AUD/NZD high since Friday's fall to 1.0588 (nine-month low)

  • Catalyst for drop to 1.0588 was ANZ predicting Feb 28, April RBNZ rate hikes

  • BHP Australia iron ore train drivers to strike for 24 hours on Friday-union

Source:
Refinitiv IFR Research/Market Commentary

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