By Christopher Romano — Aug 18 - 01:40 PM
NY opened near 0.6395 after pair hit 0.6428 overnight, slide extended
0.63795 traded as investors sought safer assets in risk-off trading
USD/CNH was up while stocks ESv1 & copper HGv1 traded lower
US Treasury yield US2YT=RR drops added to the flight to safety
Risk improved slightly however & US$ softened, AUD/USD neared 0.6420
AUD/USD slid and neared flat on the session, a daily doji candle formed
Price action suggests AUD/USD may consolidate before down trend resume
Fed's Powell a risk August 25 when he speaks at KC Fed Jackson Hole event
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary