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Oct 19 - 08:55 AM

AUD/USD - Fed's Powell, Claims Risks Loom As Support Is Threatened

By Christopher Romano  —  Oct 19 - 07:25 AM
  • AUD/USD traded 0.6339-0.6296 overnight, NY opened near 0.6315, down -0.37%

  • US yield US10YT=RR gains drove US$ gains; USD/CNH rallied to 7.3404 on D3

  • Risk-assets softened; equities ESv1, iron-ore DCIOc2 traded lower

  • AUD/USD drop put the 0.6270/85 zone in play, stops likely sit below it

  • IF support breaks psychological 0.6200 level, Oct 2022 low come into focus

  • US weekly, continuing claims will give the latest reading on the job market

  • Slew of Fed speakers on tap today but Fed Chair Powell will be the headliner

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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