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Sep 12 - 01:55 PM

AUD/USD - Bulls Remain Side Lined Ahead Of US CPI Report

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

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