By Christopher Romano — Aug 03 - 01:35 PM
AUD/USD hit 0.6514 in Europe, NY opened near 0.6530, lift then extended
Choppy price action ensued after initial US data dump but new lows not made
Downbeat services PMI helped soften US yields US2YT=RR & the US$
Equity ESv1, copper HGv1 rallied off the lows & USD/CNH turned negative
AUD/USD rallied to 0.65685 in NY's afternoon, traded up +0.32% late
Daily RSI diverged & a daily bull hammer formed, are concerns for shorts
US July NFP, AHE & their impact on Fed policy are key risks for Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary