Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 09 - 07:55 AM

AUD/USD - Pushes Recovery Envelope After China's RRR Cut

By Rob Howard  —  Jul 09 - 05:45 AM
  • AUD/USD hits 0.7452 after PBOC cuts RRR by 50bps nB9N2BK04O

  • 0.7452 is highest level since 0.7410 (seven-month low in Asia)

  • 0.7455 = 23.6% Fibo of 0.7599 (Tuesday's high) to 0.7410

  • Drop from 0.7599 was fuelled by risk aversion nL5N2OK5AZ

  • Dalian iron ore futures closed down 3.7% today (pre-RRR cut) nL2N2OL0DR

  • Sydney faces COVID-19 lockdown extension amid record 2021 cases nL2N2OK35Z

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!