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Aug 24 - 08:55 AM

AUD/USD - Safe Havens, Yields Give Shorts The Advantage

By Christopher Romano  —  Aug 24 - 07:15 AM
  • AUD/USD gained slightly in Asia, hit 0.6932 then fell to 0.6895

  • Dip bought in Europe, 0.6930 neared, sellers emerged, NY opens near 0.6895

  • US$, yen buys weighs; USD/CNH neared 6.8875, AUD/JPY neared 94.20

  • Equity ESv1, copper HGv1, yield YTTc1 drops help weigh down AUD/USD

  • Techs are bearish; pair below the 55-DMA again, daily & monthly RSIs falling

  • Fed Chair Powell speaks at J-Hole Friday, investors await that risk

  • For more click on FXBUZ








Source:
Refinitiv IFR Research/Market Commentary

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