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Jul 01 - 07:55 AM
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AUD/USD - US Dollar, Yield Influences Give Bears Traction
By Christopher Romano — Jul 01 - 06:59 AM
• AUD/USD traded 0.6921-0.6883 overnight, NY opened near 0.6895, down -0.32%
• Broad based USD buying & rally in US yields weighed on the pair
• USD/CNH rally to 6.8025, drops in gold, silver, copper & equities added weight
• AUD/USD remained with Tuesday's daily range & above the 200-DMA however
• Break below those supports could lead to a deep fall for AUD/USD
• US June ADP and ISM manufacturing PMI are data risks in
NY's morning
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters