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Jan 24 - 08:55 AM

AUD/USD - PBOC Move, Better Risk Gives Longs A Boost

By Christopher Romano  —  Jan 24 - 07:25 AM
  • AUD/USD hit 0.6566 in Asia, 0.66095 hit in Europe, NY opened near 0.6600

  • Gains aided by improvement in Australia January S&P Global PMIs

  • Yuan gains CNH=D3 driven by PBOC RRR cut helped buoy riskier assets, AUD

  • Iron-ore DCIOc2, stock ESv1 gains helped to underpin AUD/USD

  • AUD/USD neared the 10-DMA, Jan. 23 daily high before pulling back slightly

  • Techs lean bearish; consolidation of recent drop persists, monthly RSI falls

  • US Jan. S&P Global mfg, services PMIs are data risks in NY's morning

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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