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The driver in FX

  • AUD remains the worst performer against the USD in G10, down 0.85, on the broad base USD bid, and Risk Off, following the Hawk FOMC minutes.
  • The pair has lost 100 pips from yesterday's high, and the large option expiry that looked too far yesterday, is now back in play.
  • Recall, AUDUSD 2.09bn option expiry at 0.7160 for Friday expiry.
  • In terms of outright support, this comes at 0.7145, followed by 0.7121 Low Dec 22

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