By Christopher Romano — Aug 08 - 01:20 PM
AUD/USD opened NY near 0.6505 then extended the overnight slide to 0.6497
USD/CNH rally to 7.2514, equity HGv1 & commodity HGv1 drops helped buoy
Buyers emerged however as US$ buys abated & riskier assets bounced
US Treasury yields slid a bit after the three-year auction results
AUD/USD lifted above 0.6525, traded down -0.75% at the time of writing
Techs are bearish; RSIs falling, pair below 10-DMA, l-t trend line broken
China July CPI, PPI are key data risks in Asia trading hours
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Source:
Refinitiv IFR Research/Market Commentary