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Mar 24 - 06:55 AM

AUD/USD - Holds Close To 0.75 After Hitting 20-Week High

By Rob Howard  —  Mar 24 - 04:50 AM
  • 0.7467 is low water-mark for AUD/USD since Thursday's 0.7507 high

  • Retreat from 0.7507 influenced by some profit-taking on long positions

  • 0.7165 was last week's low (March 15). 0.7507 = highest level since Nov 2

  • Ascent to 0.7507 influenced by higher commodity prices, including LNG

  • Destroy demand or boost supply? Australia shows natural gas dilemma

  • See: nL2N2VR08M. Fed officials nod to big rate hikes nL2N2VQ1PF

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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