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Oct 04 - 07:55 AM

AUD/USD - 0.7250 Expiry Props Before U.S. Talks China Trade

By Rob Howard  —  Oct 04 - 05:45 AM
  • AUD/USD has traded a quarter-cent range since the London open; 0.7251-0.7276

  • 0.7250-0.7283 was Asia range. Large 0.7250 option expiry today nL1N2R0079

  • Biden adminstration's new China trade plan will be revealed at 1400GMT

  • Biden's plan echoes Trump's, but assumes Beijing won't change nL1N2QZ0HT

  • Net AUD long held by IMM speculators ticked up to 86,383 in week to Sept 28

  • 86,383 = new all-time high nL1N2QX23R. RBA event risk Tuesday nL4N2QV3U2

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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