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Nov 09 - 08:55 AM

AUD/USD - Corrective Rally Is Losing Steam

By Christopher Romano  —  Nov 09 - 07:22 AM
  • AUD/USD hits a 3-session high in Europe am, aided by copper gains, US$ sales

  • 0.7432 hit, slide ensues as USD/CNH bounces, iron-ore DCIOc2 drop extends

  • Global bond yield AU3YT=RRUS10YT=RR & AUD/JPY fall near 83.60 add weight

  • AUD/USD turns negative on the session, falls toward 0.7400 in early NY trade

  • Daily RSI turns down & diverges, indicated upward momentum has faded

  • Investors await US Oct PPI USPPFD=ECI for clues on US inflation scenario

  • China Oct PPI & CPI, German HICP are added inflation risks due Wednesday

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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