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Apr 08 - 05:55 AM

AUD/USD - Climbs To Two-Week Peak On Two-Week Iran Ceasefire

By Robert Howard  —  Apr 08 - 03:38 AM

• AUD/USD rises to 0.7083 as two-week Iran ceasefire lifts risk-sensitive AUD

• 0.7083 is the highest level since March 20 (0.7097 was the high that day)

• AUD/USD was sub-0.70 when the ceasefire was announced (circa 2230 GMT)

• Oil slides below $100. Stocks jump: Kospi up 6.87%; Nikkei up 5.39%

• AUD/NZD retreats from 13-year high by 1.22 to 1.21 on RBNZ's hawkish hold

• CFTC data showed net AUD long hit 13-year high in week to March 31

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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