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Dec 13 - 03:55 PM

AUD/USD - Safe-Havens, Soured Risk Gives Shorts The Advantage

By Christopher Romano  —  Dec 13 - 01:35 PM
  • AUD/USD selling begun in Europe am extends in NY trading

  • Pair opens near 0.7140, bounce toward 0.7145 meets sellers

  • Slide aided by safe-haven US$, yen buys, drop sin stocks & copper

  • USD/CNH rally into positive territory nL1N2SY1N3 also aids slide

  • AUD/USD dips below the 10-DMA, hits 0.7111, lifts near 0.7130 late

  • AUD/USD still consolidating rally off Dec low, if a bullish sign

  • Fed risk looms; taper, inflation likely to get investors' focus

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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