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Oct 27 - 03:55 PM

AUD/USD - Dip Buyers Rule The Day

By Christopher Romano  —  Oct 27 - 01:59 PM
  • AUD/USD falls in Europe; drop in stocks ESv1, copper HGv1, AUD/JPY weigh

  • EM ccy weakness, USD/CNH rally to 6.3965 also helps drive AUD/USD lower

  • AUD/USD hits 1.1585 but buyers emerge, NY opens near 0.7500, rally extends

  • US rates US10YT=RREDM2 soften, help improves risk sentiment, soften US$

  • Equities, AUD/JPY turn positive, copper bounces, AUD/USD nears 0.7535

  • Techs lean bullish; consolidation persists, RSIs rise, pair above the 10-DMA

  • AUD/USD upside risks increase on inflation, RBA expectations nL1N2RN1JN

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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