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Nov 01 - 06:55 AM

AUD/USD - Scales Intra-Day Peak After Hang Seng's 5.2% Gain

By Rob Howard  —  Nov 01 - 04:35 AM
  • AUD/USD scales intra-day peak of 0.6450 after Hang Seng closes up 5.2%

  • See: nAZN0P2COB. 0.6446 was high before RBA's 25 bps hike nL4N31W006

  • 0.6408 was post-RBA hike low, before rise to eye 0.6446 on China speculation

  • Subsequent retreat to 0.6405 spurred by China foreign ministry spokesman

  • See: nK7N2Z600K. 0.6368 was Monday's low (after USD gains at month-end)

  • Lowe says RBA ready to go faster or pause on hikes as needed nS9N31B007

Source:
Refinitiv IFR Research/Market Commentary

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