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Nov 05 - 04:55 AM

AUD/USD - Eyes One-Week High After RBA's Hawkish Hold

By Rob Howard  —  Nov 05 - 03:30 AM
  • AUD/USD rises to 0.6618 following RBA's relatively hawkish hold

  • 0.6618 is half-a-pip shy of Monday's one-week peak (scaled on Iowa poll)

  • AUD also benefits from iron ore's climb to two-week peak nL1N3MC07Y

  • Iron ore is Australia's biggest export earner (China services PMI up to 52)

  • AUD/USD might jump towards 0.68 if Harris wins US presidential election

  • 0.68 was most recently threatened on Oct 14 (0.6793 was high that day)

Source:
Refinitiv IFR Research/Market Commentary

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