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Oct 28 - 07:55 AM

AUD/USD - Holds Above 0.75 After RBA's YCC No Show

By Rob Howard  —  Oct 28 - 06:18 AM
  • AUD/USD rose to an intra-day high of 0.7523 during the European morning

  • 0.7479 was Asian session low, courtesy of iron ore weakness nL1N2RO052

  • Rise to 0.7523 influenced by higher Australian government bond yields

  • RBA declines to defend bond target even as yield spikes nL1N2RO015

  • AUD/USD resistance levels include 0.7536, 0.7546 and 0.7559 (200DMA)

  • 0.7536 was Wednesday's high, after hot Australian CPI data nL1N2RN00W

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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