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Aug 03 - 07:55 AM

AUD/USD - Pushes Recovery Envelope From Sub-0.69 Low

By Rob Howard  —  Aug 03 - 06:20 AM
  • 0.6940 is high water-mark for AUD/USD since its drop to 0.6887 in Asia

  • Drop to 0.6887 (low since July 25) was spurred by hawkish Fed-speak

  • See: nL1N2ZE1P1. Recovery rally to 0.6940 aided by short-covering

  • 0.7048 was Monday's six-week high (before Taiwan tension hurt AUD)

  • Pelosi departs Taiwan, capping visit that infuriated China nB9N2Y902N

  • More: nL1N2ZF06C. SGX iron ore down for 4th straight session nL1N2ZF0CR

Source:
Refinitiv IFR Research/Market Commentary

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