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Jan 12 - 08:55 AM

AUD/USD - Yield Rise Trumped By Equities, Commodities

By Christopher Romano  —  Jan 12 - 07:35 AM
  • UST yield gains extend, 10-yr US10YT=RR rallies above 1.16%

  • Equities ESv1, copper HGv1 rally after sharp drops on Monday

  • Despite yield rise US$ =USD is lower, USD/CNH sinks near 6.4500

  • AUD/JPY rallies toward 80.60, AUD/USD rallies above 10-DMA, hits 0.7741

  • Resistance above sit near 0.7770 followed by 0.7800 & 0.7820

  • Bulls need risk-on to intensify in order for today's lift to extend

  • UST 10-year bond auction later today could significantly impact FX

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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