Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 22 - 03:55 PM

AUD/USD - Shorts Retreat As Fed's Powell Testifies

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!