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Aug 02 - 08:55 AM

AUD/USD - Rally Sellers Rule The Roost

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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