By Rob Howard — May 27 - 05:15 AM
AUD/USD rises to 0.7149 (new three-week high) after iron ore closes up 4.4%
See: nL2N2XJ08X. Iron ore is Australia's biggest export earner
Risk-sensitive AUD also buoyed by equity gains nL3N2XJ152nL5N2XJ14H
Solid retail sales data is another source of support for AUD nL2N2XJ01V
AUD/USD might extend north if U.S. core PCE comes in sub-4.9% YY at 1230 GMT
See: nL2N2XI0ED. 0.7200 is among bull targets (0.7267 was May 5 high)
AUDUSD Click here
Source:
Refinitiv IFR Research/Market Commentary