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Jun 06 - 07:55 AM

AUD/USD - Lifted By Global Equity Gains Pre-RBA Event Risk

By Rob Howard  —  Jun 06 - 06:05 AM
  • AUD/USD rises to 0.7231 as global equity gains buoy risk-sensitive AUD

  • See: nL8N2XT0XV. 0.7231 = intra-day high (0.7216 was Asian session top)

  • AUD is also benefitting from higher iron ore prices nL1N2XT0DB

  • 0.7282 was Friday's six-week peak, before solid U.S. jobs data nL1N2XQ16R

  • Pre-weekend decline on NFP beat extended to 0.7187 in Asia nL1N2XT083

  • RBA rate decision 0430 GMT; 25 bps or 40 bps hike expected nL4N2XS0DW

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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