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Jul 14 - 03:55 PM

AUD/USD - Fed Comments Help Bulls Fight Back

By Christopher Romano  —  Jul 14 - 01:50 PM
  • AUD/USD traded 0.67875 early Europe then fell, NY opened near 0.6720

  • Stock ESv1 and commodityHGv1 drops help to weigh down AUD/USD

  • Broad US$ buying weighs as well, USD/CNH rallied above 6.7910

  • AUD/USD fell to fresh 2-year low, hit 0.66825 but some losses eroded

  • Fed's Waller said supports 75bps hike nL1N2YV1L5; US$, ratesEDZ2 sink

  • AUD/USD rallied toward 0.6755, dipped and sat near 0.6730 late in the day

  • Techs lean bearish still; RSIs are falling, 10-DMA help to cap rallies

  • China Q2 GDP, June sales & industrial output are data risks in Asia

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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