Free Trial

AUD/USD Back Above 0.7000

AUD

AUD/USD has continued to push higher, up 0.50% and breaching the 0.7000 handle. Firmer risk appetite appears to be the main driver, with the RBA minutes not shifting local rates/bonds a great deal.

  • The A$ is the top performer within the G10 FX space so far today, with NZD the next best performer at +0.30%. JPY is underperforming, as risk appetite improves. AUD/JPY is back to 90.60.
  • US equity futures are higher to the tune of 0.3-0.7%, while Asian equities are also generally on the front foot. Hong Kong tech stocks leading the way at +3% at this stage.
  • Yield spreads with the USD basically unchanged. Iron ore is holding steady around $130/tonne.
  • Focus now if we can test above 0.7050 on improved risk appetite and weaker USD sentiment.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.