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Mar 26 - 07:55 AM

AUD/USD - Offers Cap Gains As Wine News Keeps Bulls Sober

By Rob Howard  —  Mar 26 - 06:07 AM
  • Offers by 0.7628 have capped the AUD/USD rise from 0.7564 (Thursday's low)

  • 0.7628 was Wednesday's Ldn/NY session high. 0.7564 = seven-week low

  • Rise to threaten 0.7628 influenced by equity gains: Nikkei closed up 1.5%

  • Copper prices up too nL1N2LO0AA. AUD is liquid proxy for risk appetite

  • China to impose anti-dumping measures on Aussie wine imports nB9N2L102P

  • Thursday's AUD/USD low matched the 2021 low plumbed on Feb 2 nL1N2LN3TK

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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