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Aug 16 - 06:55 AM

AUD/USD - Respects Three-Week High After Bullock-Spurred Rise

By Rob Howard  —  Aug 16 - 04:35 AM
  • AUD/USD meets fresh headwind pre-0.6643 after rising on hawkish Bullock

  • 0.6643 was Wednesday's three-week peak (0.6634 was Thursday's high)

  • Bullock said RBA "does not expect that it will...cut rates in the near term"

  • 0.6608 was Asian session low, before RBA chief spoke to Australian lawmakers

  • 0.6597 was Thursday's NY low, after USD rose on upbeat US retail sales data

  • Iron ore prices down again (iron ore is big export earner for Australia)

Source:
Refinitiv IFR Research/Market Commentary

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