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Apr 27 - 04:55 PM

AUD/USD - Waiting For The Next Inflation Clues

By Christopher Romano  —  Apr 27 - 01:40 PM
  • NY opened near 0.6620 after AUD/USD rallied 0.66005-0.6635 overnight

  • Sharp move after US weekly claims, Q1 GDP reports, 0.66305-0.65955 traded

  • Post data US rate SRAU3, US$ gains weighed on AUD/USD but bounce ensued

  • Equities ESv1 & AUD/JPY rallied, USD/CNH slid which drove risk-on

  • AUD/USD rallied above 0.6625, trade up +0.34% late in the session

  • Monthly inverted hammer, consolidation of recent drop are bearish signals

  • US March PCE & its potential impact on Fed policy is a key risk for Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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