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Apr 23 - 05:55 AM
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AUD/USD - Hugs 0.7150 As Iran Tightens Its Grip On Hormuz
By Robert Howard — Apr 23 - 04:33 AM
• AUD/USD has traded a 28 pip range thus far Thursday; 0.71375-0.71655
• Wednesday range was 0.71465-0.7176; Tuesday range was 0.71305-0.7185
• 0.7115-0.7180 was Monday range (0.7221 was four-year high last Friday)
• Iran tightens grip on Hormuz. Safe-haven USD may strengthen if conflict escalates
• AUD/USD was sub-0.70 when Iran-US ceasefire was announced on April 7
• Microsoft says it will invest A$25 billion in Australia by
the end of 2029
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters