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Nov 08 - 06:55 AM

AUD/USD - Holds Below 0.65 Before U.S. Midterm Elections

By Rob Howard  —  Nov 08 - 05:35 AM
  • 0.6485 is AUD/USD high since its 0.6445 intra-day low at 0754 GMT

  • That high is 5.5 pips shy of Monday's peak (which was tested in Asia)

  • 0.6493 was last week's high. AUD supported by higher iron ore prices

  • See: nL1N3240BD. Iron ore is Australia's biggest export earner

  • U.S. midterm elections could impact USD nL1N3231MNnL1N31W1B6

  • Australia's lopsided swaps market creates pockets of pricing mayhem

Source:
Refinitiv IFR Research/Market Commentary

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