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Jun 16 - 06:55 AM

AUD/USD - Reclaims 0.77 Handle Ahead Of FOMC Event Risk

By Rob Howard  —  Jun 16 - 05:47 AM
  • AUD/USD reaches 0.7707 after pushing recovery envelope from 0.7675

  • 0.7675 was Tuesday's low, as copper price drop hurt risk-sensitive AUD

  • Copper nears two-month low as China says to sell reserves nL2N2NY08M

  • More: nL2N2NY06O. Rise to 0.7707 precedes Fed event risk nL2N2NX1EJ

  • Offers may emerge near 0.7726 (Monday's high) if AUD/USD extends north

  • Australia minimum wage to rise 2.5% nL3N2NY1YU. RBA's Lowe speaks Thursday

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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