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AUD/USD Struggles To Break Through Recent Highs Despite Positive Headlines

AUD

Headlines that China is ready to accept four ships of thermal coal from Australia saw AUD/USD catch a small bid. The pair last sits in the middle of the Asia-Pac session range at 0.7410. There are more than 70 shipments of coal sitting offshore China waiting to unload amid tension between the two countries.

  • The market has largely shrugged off earlier reports that Australia's plans to begin COVID-19 vaccinations in March 2021.
  • Some gamma rolling off in AUD/USD today, large puts at 0.7350 (AUD722m), 0.7385 (AUD991m), 0.7435 (AUD673m) will expire on Thursday.

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