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Jan 05 - 06:55 AM

AUD/USD - Helped Towards 32-Month High By Iron Ore Gains

By Rob Howard  —  Jan 05 - 05:22 AM
  • AUD/USD rise to 0.7724 influenced by 4% rise for Dalian iron ore

  • See: nL1N2JG0A0. 0.7724 is the highest level since Monday's 0.7643 low

  • Drop to 0.7643 was spurred by a bout of risk aversion nL1N2JF2HM

  • Mooted offers ahead of 0.7750 may cap AUD/USD if it extends north

  • 0.7743 was 32-month high on Dec 31. 0.7740 was Monday's high (pre-0.7643)

  • Senate control to be decided by Georgia voters nL1N2JF1VTnL1N2JF0E8

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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