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Nov 20 - 07:55 AM

AUD/USD - Within Strike Of 0.6550 After Scaling 3-Month Peak

By Rob Howard  —  Nov 20 - 06:15 AM
  • AUD/USD consolidates gains to 0.6563, its highest level since August 10

  • Ascent to 0.6563 spurred by dollar supply (0.6500 was Asian session low)

  • AUD supported by higher iron ore prices (Australia's biggest export earner)

  • There is a large 0.6550 option expiry for the 10am ET NY cut nL1N3CL0F2

  • Australia PM says Chinese navy accident that injured diver was 'dangerous'

Source:
Refinitiv IFR Research/Market Commentary

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