By Christopher Romano — Sep 12 - 01:20 PM
AUD/USD fell overnight, opened NY near 0.6420, pair then fell to 0.6410
Slight rise in US yields US2YT=RR & firm US$ weighed on AUD/USD
USD/CNH rally above 7.2955 & equity ESv1 drop also weighed on AUD/USD
US$ buys abated, AUD/USD bounced, neared 0.6420, was down -0.16% late
Techs lean bearish; RSIs falling & pair clings to falling 10- & 21-DMAs
US Aug CPI & its impact on Fed policy risk is now in focus
A below estimate results may sink US yields, US$ & rally AUD/USD
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary