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Jan 10 - 07:55 AM

AUD/USD - Pushes Recovery Envelope From Friday's Two-Week Low

By Rob Howard  —  Jan 10 - 06:10 AM
  • AUD/USD hits 0.7203 after extending north from 0.7130 (Friday's 2-week low)

  • 0.7173-0.7197 was Asia range (after pre-weekend rise to 0.7187) nL1N2TQ05I

  • IMM net AUD short hit 3-month high of 89,366 contracts in week ended Jan 4

  • See: nL1N2TN1X6. 89,979 was all-time high for net AUD short last October

  • China iron ore futures fall 2% on worries over local Omicron cases

  • See: nL1N2TQ0D8. Iron ore is Australia's single biggest export earner

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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