By Christopher Romano — Aug 01 - 01:40 PM
US$, US yield US10YT=RR help AUD/USD rally overnight, 0.7048 traded
Daily cloud base pierced, rally stalled near 61.8% Fib of 0.7282-0.6683
NY opened near 0.7040, pair fell on geopolitical concerns nL1N2ZD125
AUD/USD dipped below 0.7010, dip bought as stocksESv1, copperHGv1 lifted
Some US$ softness after US July PMI nL1N2ZD17G help buoy AUD/USD
Lift stalled short over the overnight high, pair slide as the US$ firmed
AUD/USD slide toward the daily cloud base, sat near 0.7020 late
RBA in focus, 50bps hike f/c, risk AUD/USD slips after meeting nL1N2ZD1FX
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Source:
Refinitiv IFR Research/Market Commentary