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Aug 07 - 07:55 AM

AUD/USD - Within Strike Of Big 0.6565 Option Expiry

By Rob Howard  —  Aug 07 - 06:05 AM
  • Large 0.6565 option expiry for later this week exerts magnetism over AUD/USD

  • The A$1 billion strike rolls off on Thursday (following US inflation data)

  • 0.6610 was Friday's high, after NFP miss. 0.6514 was nine-week low Thursday

  • Australian barley prices jump following end to Chinese tariffs nL4N39O15B

  • Yuan loses core support as firms leave China nL4N39O0YI

  • The Australian dollar is often used as a liquid proxy for the yuan

Source:
Refinitiv IFR Research/Market Commentary

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