By Christopher Romano — Aug 02 - 07:30 AM
AUD/USD rallied to 0.6630 overnight, sellers emerged as risk soured
Fitch downgrade of U.S. from "AAA" to "AA+" helped fuel risk-off
US$ rallied while US yields US2YT=RR, equities ESv1 dropped
USD/CNH rally toward 7.2000 & iron-ore DCIOc2 drop added to risk-off
AUD/USD fell to 0.65655, NY opened near 0.6585, traded down -0.48%
Techs are bearish; RSIs falling, key support near 0.6590/95 broken
US July ADP a risk in NY, China July Caixin services PMI a risk in Asia
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Source:
Refinitiv IFR Research/Market Commentary