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May 10 - 03:55 PM

AUD/USD - Post Data Gains Erased With Help From Yen, Yields

By Christopher Romano  —  May 10 - 01:50 PM
  • AUD/USD opened NY near 0.6750 after falling Europe then rallied

  • US rates SRAU3, US$ fell after April CPI was basically in line

  • Equities ESv1 rallied and USD/CNH fell below 6.9170

  • Risk-on sentiment eroded however; yields US2YT=RR fell, yen was bought

  • AUD/JPY struck a 3-session low, equities fell, USD/CNH neared 6.9420

  • AUD/USD dragged lower, fell below 0.6750, traded down -0.22% late

  • Daily inverted hammer formed, daily RSI diverged, are concerns for longs

  • China's April PPI, CPI are data risks due in Asia

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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