By Christopher Romano — Oct 20 - 01:35 PM
AUD/USD opened NY near 0.6315 then made a move lower in early trading
Drop aided by iron-ore DCIOc2, equity ESv1 weakness, soured risk
0.6301 traded when buyers emerged, pair then rallied toward 0.6325
US yield US2YT=RR, US$ drops buoyed AUD/USD; USD/CNH hit 7.3210 on D3
AUD/USD neared flat on the session, traded down only -0.08% late in the day
Daily bull hammer formed, may comfort longs but monthly techs lean bearish
Oct global PMIs, Australia Q2 CPI & US Oct PCE are key data risks next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary