By Christopher Romano — Nov 08 - 01:35 PM
NY opened near 0.6435 after 0.64495 traded overnight, slide extended
Early US yield lift drove US$ buys; UDS/CNH rallied to 7.2885 on D3
Slides in equities ESv1, copper HGv1 likely added weight on AUD/USD
AUD/USD hit 0.6407 & sat nearby late in the day, traded down -0.38%
Pair held near lows despite US yield US10YT=RRUS2YT=RR softening
AUD/USD traded just above the 10-, 55-DMAs & the daily cloud base
Daily RSI & monthly inverted hammer candle are concerns for AUD/USD longs
China Oct. PPI & CPI, US weekly claims data are key risks for Thursday
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Source:
Refinitiv IFR Research/Market Commentary