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Thomson Reuters
Oct 12 - 08:36 AM
AUD/USD - More Bids Expected Around 0.7100 After Proxy Flows
First appeared on eFXplus on Oct 12 - 06:35 AM
  • More bids may emerge circa 0.7100 if AUD/USD breaks 0.7112 (intra-day low)
  • AUD/USD vaulted 0.7100 after Thursday's softer than expected U.S. CPI data
  • Demand around 0.7100 then based spot's retreat from its post-CPI high
  • AUD/USD tested 0.7130 (Wednesday's one-week high) in Asia today
  • Some AUD buys this week have been unwinds of AUD proxy sales from last week
  • See: . Poll on Australia says much depends on China nL4N1WQ1XN

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