Published: 2024-04-15T04:55:32.000Z
AUD/USD flows: Industrial Metals Higher on U.S. and UK Sanction
FX Analyst
-
US and UK ban deliveries of any Russian Aluminum and Nickel produced after midnight on Friday
The new sanction from US and UK banning deliveries of any Russian Aluminum and Nickel produced after midnight on Friday, has driven the corresponding metal higher. Regional equities are performing individually with Chinese equities outperforming Hong Kong and Japan with China keeping MLF rate unchanged.
The Aussie benefited from all of these and led rivals against the USD to trade 0.35% higher at 0.6485.