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Jun 03 - 08:55 AM

AUD/USD - Mixed Influences Keep Familiar Turf Trod

By Christopher Romano  —  Jun 03 - 07:25 AM
  • AUD/USD hit 0.6665 in Asia, then traded down to 0.6633 in Europe's morning

  • Drop aided by falls in iron-ore DCIOc2, gold XAU= and AUD/JPY

  • NY opened near 0.6650, pair traded close to flat as consolidation persists

  • US yield US2YT=RR, USD/CNH drops & equity ESv1 gains helped pair bounce

  • Consolidation, hold above 10- & 21-DMAs give AUD/USD techs a bullish lean

  • US May ISM manufacturing PMI, April construction spending are data risks

  • May ISM services PMI, weekly claims, May payrolls risks loom later this week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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