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Aug 07 - 08:55 AM

AUD/USD - Risk Is Off But Bears Get Little Benefit

By Christopher Romano  —  Aug 07 - 07:40 AM
  • Trump's TikTok executive order heighten US-Sino tensions nL1N2F902E

  • Equities ESv1, copper HGv1 and iron-ore DCIOc2 sink on soured risk

  • China's yuan weakens, USD/CNH rallies near 6.9750 then dips near 6.9575

  • Safe-havens US$ & yen are bid, AUD/JPY dips below 76.00, little bounce seen

  • AUD/USD dips below 0.7200 and hovers just above that level as NY gets going

  • US July jobs report due, could drive a break the recent 0.7150/0.7250 range

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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