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Jun 08 - 08:55 AM

AUD/USD - Cloud Cover Keeps Bulls Corralled

By Christopher Romano  —  Jun 08 - 07:22 AM
  • US 10-yr yield US10YT=RR down while eurodollars EDZ2, stocks ESv1 rise

  • AUD/USD is down though, drops away from the daily cloud top overnight

  • US$ bid, drops in copper HGv1, iron-ore DCIOc2 help weigh down AUD/USD

  • USD/CNH rally towards 6.3980 also helps with AUD/USD's bearish move

  • 10-DMA helps limit AUD/USD downside though & pair remains on familiar turf

  • China, US inflation data, ECB risks likely keep investors side lined for now

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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