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
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Source:
Refinitiv IFR Research/Market Commentary