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Apr 19 - 06:55 AM

AUD/USD - Rises To One-Month High Near 0.78 As Greenback Sags

By Rob Howard  —  Apr 19 - 04:55 AM
  • AUD/USD rises to 0.7784 amid across-the-board selling of the greenback

  • 0.7784 is the highest level since March 18 (0.7849 was high that day)

  • Recent decline in UST yields is helping weigh on USD (10-year sub-1.60%)

  • AUD supported by higher copper and iron ore prices nL1N2MC09RnL1N2MC08Y

  • Offers may emerge by 0.78, including profit-takes, if AUD/USD extends north

  • 0.7585 was last week's low. 0.7761 (last week's high) is now a support point

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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