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Feb 27 - 02:36 PM

AUD/USD - Longs Get Some Relief But It Should Be Short Lived

By Christopher Romano  —  Feb 27 - 01:15 PM
  • Fall in US rates up Fed cut chances FEDWATCH AUD/USD lifts nL2N2AR0DR

  • Pair barely manages to rally above 0.6580 despite USD/CNH drop below 7.0000

  • Extension of commodity price drop, RBA cut chances temper AUD/USD bulls

  • Pair barely reacts to rally in global bond yields & US stocks off day's lows

  • Meager AUD/USD rally should be a concern for longs nL2N2AR1B9






chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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