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Jan 20 - 07:55 AM

AUD/USD - Respects Thursday's High After Risk-Spurred Lift

By Rob Howard  —  Jan 20 - 05:50 AM
  • AUD/USD met headwind just shy of 0.6948 after extending north from 0.6872

  • 0.6948 was Thursday's high (pre-Aussie jobs data). 0.6872 was Thursday's low

  • Rise to threaten 0.6948 fuelled by Asian/European equity gains nL4N345112

  • More: nL4N3451NM. Risk-sensitive AUD also helped by iron ore strength

  • 0.7063 was five-month AUD/USD high on Wednesday, before U.S. stocks sagged

  • Australian official asks China to remove trade impediments nL1N3442J1

Source:
Refinitiv IFR Research/Market Commentary

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