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Feb 09 - 06:55 AM

AUD/USD - Helped North Towards 0.70 By Rise In Risk Appetite

By Rob Howard  —  Feb 09 - 05:55 AM
  • AUD/USD helped to 0.6981 intra-day high by European share gains nL4N34P21B

  • Iron ore and copper price gains are also positive for risk-sensitive AUD

  • Offers likely pre-0.70 if AUD/USD extends north (0.6996 was Wednesday's top)

  • 0.6919 was Wednesday's low, when U.S. stock losses helped weigh on the AUD

  • First Australian coal cargoes arrive in China, await customs clearance

  • RBA Statement on Monetary Policy due Friday (at 11.30am AEDT) nL1N34O019

Refinitiv IFR Research/Market Commentary


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