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TDUX
Jul 13 - 05:55 AM

AUD/USD - Weighed Down By Renewed Middle East Attacks

By Robert Howard  —  Jul 13 - 03:35 AM

• AUD/USD fell to 0.6924 in Asia, as safe-haven USD rose on renewed Iran attacks

• 0.6924 is the lowest level since July 8 (0.6907 was the low that day)

• Friday's high was 0.6969 (in Asia). 0.6965 was NY session high Friday

• CFTC data: net AUD short rose to 24,651 contracts in week to July 7

• Third consecutive week in which the net AUD short position grew

• Net AUD position flipped to short in June (net long hit 13-year high in May)

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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