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Nov 10 - 07:55 AM

AUD/USD - Holds Close To Four-Week Low Pre-U.S. CPI Data

By Rob Howard  —  Nov 10 - 06:15 AM
  • 0.7378 is high for AUD/USD since it hit 0.7353 just before 0600 GMT

  • 0.7353 is lowest level since Oct 13 (0.7324 was the low that day)

  • Drop to 0.7353 influenced by Dalian iron ore price fall to one-year low

  • See: nL1N2S10CI. U.S. CPI data due 1330 GMT: 5.8% YY f/c, core f/c 4.3% YY

  • Large 0.7375 option expiry today (closest-to-market strike) nL1N2S10FR

  • Australian Oct jobs data due at 0030 GMT, employment f/c +50k

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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