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May 04 - 07:55 AM

AUD/USD - Holds Sub-0.67 Amid PacWest Focus

By Rob Howard  —  May 04 - 05:40 AM
  • AUD/USD remains below 0.67 after signs of stress at another US regional bank

  • PacWest tumbles, other regional bank stocks fall nL4N3711RTnL1N37041A

  • AUD is risk-sensitive. 0.6641-0.6699 was Asian session range nL1N3710B3

  • Iron ore drop to five-month low is also helping to keep AUD/USD sub-0.67

  • 0.6702 was Wednesday's high, after Fed's rate pause steer hurt the USD

  • Tuesday top was 0.6717, on RBA hike. Australia's exports to China hit record

Source:
Refinitiv IFR Research/Market Commentary

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