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Mar 26 - 03:55 PM

AUD/USD - Tight Range Prevails As US Data Risks Approach

By Christopher Romano  —  Mar 26 - 01:40 PM
  • AUD/USD 0.6559 in Europe's morning, NY opened just below that level

  • Pair slide in NY's morning as US yields US2YT=RR, US$ firmed up

  • Pair traded down to 0.6533, just above the low struck in Asia

  • Erosion of equity ESv1, gold XAU= gains helped weigh on AUD/USD

  • Solid US Treasury 5-yr auction helped US$, yields soften a bit

  • AUD/USD bounced, neared 0.6540, traded near flat on the session

  • Daily doji formed, suggests indecision, ranges may stay tight for now

  • US Feb. PCE, weekly claims later in week may impact risk significantly

  • Australia Feb. CPI, weighted CPI are data risks in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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