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Aug 09 - 03:55 PM

AUD/USD - Investors Await Catalyst From US Pricing Data

By Christopher Romano  —  Aug 09 - 01:35 PM
  • AUD/USD opened NY near 0.6540 after falling overnight, slide extended

  • After an early lift AUD/USD fell to 0.65205 with help from soured risk

  • USD/CNH rallied off its session low, stocksESv1 & iron-oreDCIOc2 fell

  • Bear ran out of gas however and US$ buying abated, AUD/USD lifted

  • Rally extended toward 0.6540 after US Treasury's 10-yr note auction

  • AUD/USD was down small, traded down -0.13% late in the session

  • Daily doji candle formed, suggests investors are indecisive

  • US July CPI due Thurs., Downside surprise may sink US$, US yields

  • AUD/USD may then test resistance in the 0.6610/20 zone

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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