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Aug 27 - 08:55 AM

AUD/USD - Back On Familiar Turf As Risk Shifts

By Christopher Romano  —  Aug 27 - 07:37 AM
  • Equities ESv1 claw back some of Thursday's drop, copper HGv1 rallies

  • Safe-havens US$ & yen sold, USD/CNH drops toward 6.4755, AUD/JPY gains

  • AUD/USD rallies despite rise in short-term US interest rates EDZ2

  • Pair rallies above the 10-DMa in Europe am, lift extends to 0.7259

  • AUD/USD lift stalls short of the 50% Fibo of the 0.7426-0.7107 decline

  • Fed Chair Jerome Powell's speech in focus, investors to focus on taper hints

  • For more click on FXBUZ





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Source:
Refinitiv IFR Research/Market Commentary

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