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Oct 16 - 07:55 AM

AUD/USD - Holds Below 0.71 As Cotton News Follows Coal

By Rob Howard  —  Oct 16 - 05:55 AM
  • AUD/USD remains below 0.71 as cotton news helps weigh on risk-sensitive AUD

  • China tells cotton mills to stop buying Australian supplies - source

  • See: nL4N2H710G. 0.7100 is a former support point

  • Cotton news follows reports that China has halted Australian coal imports

  • See: nL1N2H708J. 0.7057 was Thursday's 3-week low after dovish Lowe steer

  • See: nL4N2H54EL. Stops tipped sub-0.70 (option barrier level) nL1N2H60AF

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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