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Aug 18 - 03:55 PM

AUD/USD - Bears Take A Break With Catalysts Lacking

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

Refinitiv IFR Research/Market Commentary


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