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Nov 10 - 03:55 PM

AUD/USD - US Inflation Gives Shorts Greater Control

By Christopher Romano  —  Nov 10 - 01:37 PM
  • Tight range in Europe am, NY opens near 0.7355, wild swings after US CPI

  • Pair falls after above estimate CPI nL1N2S02AW but then rallies quickly

  • US rate gains after CPI erode a bit, AUD/USD hits to 0.7393, sellers emerge

  • Rates EDM2US10YT=RR & U$ firm again, stocks ESv1 & copper HGv1 sink

  • AUD/USD falls toward the 55-DMA, lingers nearby but then falls again

  • US yields extend gains after disappointing 30-year bond auction nIfp8dPGZg

  • AUD/USD falls to 0.7338, very little bounce, pair near 0.7345 late

  • Techs are bearish; RSIs are falling, 10-DMA crosses below the 21-DMA

  • Australia Oct employment AUEMP=ECI report is a data risk in Asia

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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