Welcome Guest:
Sign Up
Derived real-time data in partnership with:
Thomson Reuters
Jun 08 - 03:48 PM
AUD/USD - 21-DSMA Stems The Slide Due To EM & Fed Fears
First appeared on eFXplus on Jun 08 - 02:00 PM
  • EM weakness on fears of Fed rate hikes sends AUD broadly lower
  • AUD/USD nears 21-DSMA in early NY as risk is sour in early trade
  • Equities and copper rallies emerge while softer JPY lifts AUD/JPY
  • AUD/USD bounces sharply, climbs toward the 55-DSMA late in the day
  • Fed risk is key for AUD/USD bulls, if EM mkts ignored AUD/USD likely sinks
  • Pair could test May's low on expectation Fed is still set on rate hike path

chart: Click here

Thomson Reuters IFR Markets


  • eFXplus
  • End-user license agreement (EULA)


  • About Us
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer