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May 06 - 08:55 AM

AUD/USD - Fibo Struggles Persists Ahead Of Jobs, Wages Data

By Christopher Romano  —  May 06 - 07:20 AM
  • AUD/USD neared 38.2% Fib of 0.5510-0.8007, 3-day low set in Europe morning

  • Buyers emerge as 0.70645 as softer US ratesEDM3 weigh down the US$

  • USD/CNH drop after setting a fresh 1-1/2-year high helps buoy AUD/USD

  • CopperHGv1 bounce off low, new iron-oreDCIOc2 high help prop up AUD/USD

  • AUD/USD pierces 0.7100 into NY open, stalls as investors await US jobs data

  • Wages component USAVHE=ECI will be a key data point for investors

  • Upside wages beat should reinforce inflation fears, aggressive Fed hike path

  • For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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