By Christopher Romano — Sep 07 - 01:35 PM
AUD/USD opened NY near 0.6380, fell after claims, unit labor cost data
0.6371 traded as US yields US2YT=RR rallied and drove US$ buying
USD/CNH rallied to 7.3460 on D3 then slid as yields turned lower
AUD/USD rallied to 0.6394 but neared 0.6380 late, traded down -0.03%
Equity ESv1, commodity DCIOc2 drops helped weigh on AUD/USD
USD/CNH pull back below 7.3400 helped to limit AUD/USD's downside
Pair consolidating gains off the Sept 1 high, a bearish signal
Hold below 10- & 21-DMAs, falling monthly RSI are bearish as well
Fed's Barr, Daly & Fed's quarterly financial accounts are risks Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary