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Oct 25 - 08:36 AM
AUD/USD - Supported By Mooted Bids After Drop To One-Week Low
First appeared on eFXplus on Oct 25 - 06:20 AM
  • Mooted bids at 0.6810-00 are lending support to AUD/USD nL2N27A04L

  • 0.6810 was fractionally new one-week low in Asia. 0.6811 was Thursday's low

  • Thursday's AUD drop was influenced by govt debt sale news nL3N27905T

  • 0.6834 = high water-mark since 0.6810 Asia low (0.6834 was Wednesday's low)

  • China to ask U.S. to remove tariffs in exchange for ag buys in talks Friday

  • See: nL2N2791OE. AUD could rise if U.S. accedes to China's request

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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