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Jul 12 - 08:55 AM

AUD/USD - Fresh 2-Year Low Set With Help From Soured Risk

By Christopher Romano  —  Jul 12 - 07:25 AM
  • AUD/USD hit 0.6745 overnight, couldn't climb above the 50% Fib 0.5510-0.8007

  • Pair steadily dropped, hit 0.67115 in Europe, NY opens near 0.6720

  • Risk-off sinks stocksESv1, commoditiesHGv1, yieldsAU3YT=RR; aids drop

  • Safe-havens US$, yen bought; USD/CNH nears 6.7535, AUD/JPY dips below 92.00

  • AUD/USD techs are bearish; RSIs falling and are not oversold

  • Richmond Fed President Barkin speech is a risk during NY trading

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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