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Sep 06 - 06:55 AM

AUD/USD - Deflated By Iron Ore Losses Pre-RBA Taper Decision

By Rob Howard  —  Sep 06 - 05:50 AM
  • AUD/USD eases to test 0.7427 with iron ore losses helping weigh on the AUD

  • See: nL1N2Q80AH. 0.7427 was Asia low (50 pips below Friday's 7-week high)

  • RBA's knife-edge taper decision on Tuesday at 0430GMT will impact the AUD

  • See: nL4N2Q803D. Sydney COVID cases seen topping 2k a day nL1N2Q801T

  • Net AUD short held by IMM specs rose to two-year high in week ended Aug 31

  • 60,078 contracts (gross AUD longs down 22% in a week to 47,384) nL1N2Q51YZ

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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