By Christopher Romano — Sep 18 - 02:40 PM
NY opened near 0.6785 which was just below the overnight 0.6789 high
Pair slid as US$ firmed on the back of US yield US2YT=RR gains
Drop ensued despite USD/CNH slide, equity ESv1 & gold XAU= rallies
AUD/USD neared 0.6755 then bounced, sat near 0.6770 into the Fed statement
US yields US2YT=RR, US$ fell after Fed 50bps cut, lowered rate & GDP views
USD/CNH fell below 7.0700, stocks ESv1 & gold XAU= rallies extended
AUD/USD hit a 3-week high, neared August's monthly 0.6824 high
Techs are bullish; rally followed Wednesday's doji, RSIs rising
Monthly bull hammer hold above slew of DMAs reinforces bullish signals
Australia August employment report is a risk in Asia Thursday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary