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Aug 09 - 08:55 AM

AUD/USD - Geopolitical Risk Eats Into Overnight Gains

By Christopher Romano  —  Aug 09 - 07:20 AM
  • AUD/USD slid to 0.6965 in Europe then turned positive and hit 0.69935

  • Lift aided by equity ESv1, commodity HGv1, yield YTTc1 rallies

  • Pair falls as risk sours on report Russia suspends oil exports nL4N2ZL286

  • US$, yen firm; USD/CNH rallied above 6.7575, AUD/JPY fell toward 94.00

  • AUD/USD turned slightly negative on the session, opened NY near 0.6975

  • Daily, monthly doji candles suggests investors are indecisive

  • US July CPI in focus, downside miss may see Fed take a less hawkish stance

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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