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TDUX
Apr 14 - 04:55 PM

AUD/USD - US Dollar's Downward Slide Persists

By Christopher Romano  —  Apr 14 - 02:00 PM

• NY opened near 0.7115 after 0.7078 traded overnight, the rally extended in NY

• US$, US yields fell during NY, drop aided by the downbeat US March PPI

• USD/CNH drop to 6.8062, oil's drop & gains in gold, silver, copper, stocks buoyed AUD/USD

• AUD/USD hit a 1-month high of 0.7147 then dipped, neared 0.71352 late, was up +0.54%

• Techs lean bullish; RSIs rising, pair above daily cloud, 120-MMA & 10-, 21- & 55-DMAs

• US April NY Fed mfg survey, March export, import prices are data risks in NY Wednesday
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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