By Christopher Romano — Jan 23 - 01:12 PM
• NY opened near 0.6265, pair then near 0.6280 but sellers emerged
• US yield gains rallied the US$ soured risk sentiment
• 0.62555 traded just ahead of President Trump speaking to the WEF
• Trump said he would demand interest rates drop immediately
• Yields & US$ fell; USD/CNH fell toward 7.280, traded down -0.01% late
• Stocks & gold turned positive which added weight on US$
• AUD/USD neared 0.6300, pair traded up +0.36% late in the session
• Techs lean bullish; RSIs rising & monthly, daily bull hammers in place
• Hold above the rising 10- & 21-DMAs reinforce bullish technicals
• Australia, EZ, US January PMIs are key data risks Friday
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters