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Apr 17 - 07:55 AM

AUD/USD - Maintains 0.64 Handle As Iron Ore Prices Rise

By Rob Howard  —  Apr 17 - 06:25 AM
  • AUD/USD holds above 0.6400 as higher iron ore prices lend support to AUD

  • Iron ore is Australia's biggest export earner. 0.6400 was Asian session low

  • 0.6390 was five-month low Tuesday, after USD rose on hawkish Powell guidance

  • AUD/USD offers are tipped ahead of 0.6450 (0.6443 was February's low)

  • There is a big 0.6435 option expiry on Thursday; A$1.5 billion strike

  • Australian jobs data due Thursday: employment f/c 10k; jobless rate f/c 3.9%

Source:
Refinitiv IFR Research/Market Commentary

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