By Christopher Romano — Jun 22 - 01:55 PM
AUD/USD fell to 0.68815 in Europe, the pair opened NY near 0.6900
US interest rates were down on the session before Powell's testimony
Rates EDH3 fell further as Powell offered rate hawks nothing new
Investors reduced expectations for the terminal Fed rate nL1N2Y917N
Equities ESv1 rallied, copper HGv1 bounced, USD/CNH neared 6.7000
AUD/USD rallied toward 0.6950, sat above 0.6840 late in the session
Techs are mixed; RSIs falling but daily bull hammer candle formed
Australian AUCPMI=ECI, global June PMIs are key data risks Thursday
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Source:
Refinitiv IFR Research/Market Commentary