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Sep 07 - 03:55 PM

AUD/USD - US Rates, Risk-On Send Shorts Scrambling For Cover

By Christopher Romano  —  Sep 07 - 01:55 PM
  • AUD/USD hit a fresh 2-month low of 0.9875 but the slide failed to extend

  • US rates drops EDH3US10YT=RR sank US$, USD/CNH fell below 6.9655

  • Equity gains ESv1 helped drive investors into riskier assets

  • AUD/USD turned positive in NY, hit 0.6765 & was nearby late in the session

  • Daily RSI diverged, daily bull hammer formed; warnings for AUD/USD shorts

  • Fed Chair Powell, US weekly claims are event/data risks for Thursday

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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