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AUD/USD: Bulls keep the reins above 0.6900 ahead of Aussie Q1 GDP

1 month ago   |   By FXCM

AUD/USD rises to the highest since January 16, 0.6922 becomes the latest top in nearly five months.
Risk-tone gains a boost after US President seems to step back from earlier threat on combating the riots.
Aussie flashed upbeat figures, Housing figures, RBA's Bullock and Q1 GDP will be the key, for now.
AUD/USD rises to 0.6915, intraday high of 0.6923, amid the recently high risk-on mood in the market during Wednesday's Asian session. In doing so, the Aussie pair probes the highest since January 16, 2020, amid risk-positive news from the US as well as upbeat Aussie PMI data.
Australia's...
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AUD/USD eases from 0.6900 ahead of Aussie Q1 GDP

1 month ago   |   By FXCM

AUD/USD steps back the highest since mid-January with 0.6899 being the recent top.
A broad risk-on sentiment, weak US dollar favor the Aussie pair's run-up.
Riots in the US continue despite US President Trump's warning.
A long Aussie data line ahead but Q1 GDP stands out.
Having probed the highest since January 17 in the last hour, the 0.6899 level, AUD/USD drops to 0.6890 amid the early Wednesday morning in Asia. The Aussie pair seems to cheer broad US dollar weakness and optimism surrounding the economic reopen, backed by the absence of any major negatives from the RBA, to probe the...
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