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