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Jul 19 - 03:55 PM

AUD/USD - Little Relief After 8-Month Low Set

By Christopher Romano  —  Jul 19 - 01:50 PM
  • Risk-off sentiment drive pair lower in Europe, NY opens near 0.7355

  • Slide extend in NY as equities ESv1, copper HGv1, AUD/JPY fall sharply

  • AUD/USD dips below 0.7330 before bout of US$ selling lifts pair near 0.7365

  • Stock slide intensifies & US$ buying resumes, USD/CNH rallies toward 6.4960

  • AUD/USD falls again, hits 0.7328, sets 8-month low, near low late in the day

  • Techs are bearish; RSIs fall, consolidation resolves with new low being set

  • Minutes of RBA's July meeting a risk in Asia, investors look for dovish cues

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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