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May 26 - 06:55 AM

AUD/USD - Offers Pre-0.78 Cap Hawkish RBNZ-Spurred Gains

By Rob Howard  —  May 26 - 04:35 AM
  • Offers pre-0.78 capped AUD/USD at one-week high of 0.7796 in Asia

  • Rise to 0.7796 was spurred by NZD/USD gains on hawkish RBNZ nL2N2ND035

  • AUD/NZD drops through 1.07 to 1.0636, lowest level since Feb 5 nL2N2ND0D7

  • 6% Dalian iron ore price fall is helping to keep AUD/USD below 0.78

  • See: nL2N2ND08Y. Iron ore is Australia's single-biggest export earner

  • M&A news: Australia's Ramsay to buy Spire for 1 billion pounds nL2N2ND0BH

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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