By Christopher Romano — May 15 - 01:55 PM
AUD/USD opened NY near 0.6690 after rallying in Asian & Europe
Muted reactions to NY Fed's April manufacturing index data
Despite rate SRAU3, US$ drops after data AUD/USD was quiet
Influence from upbeat risk sentiment eventually took control though
Commodity DCIOc2, equity ESv1 gains & USD/CNH drop buoy risk sentiment
AUD/USD broke the May 12 daily high, hit 0.6708 then neared 0.6700 late
Rally stalled just short of the 200- & 10-DMAs but the rally may extend
Daily, monthly RSIs rising & pair is above 55-DMA and the daily cloud base
China April industrial output, retail sales are data risks in Asia
US April retail sales, Fed's Mester, Williams Logan are risks in NY Tuesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary