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May 27 - 06:55 AM

AUD/USD - Helped Off Three-Day Low By Iron Ore's Bounce Back

By Rob Howard  —  May 27 - 05:23 AM
  • AUD/USD hit 0.7755 at 0805GMT after rallying off 0.7723 (3-day low in Asia)

  • Rally to 0.7755 aided by iron ore bouncing back from 6-week low nL2N2NE0EB

  • Mooted bids pre-0.7700 may prop the pair if it drops back through 0.7723

  • 0.7706 = Monday's low. 0.7796 was one-week high Wednesday after hawkish RBNZ

  • See: nL2N2ND0HU. Poll-RBA to keep rates at 0.1% thru mid-2023 nL2N2NE07A

  • Australian Q1 business investment +6.3% vs +2% f/c nL2N2NE03XnL2N2NE0BV

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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