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Sep 26 - 01:55 PM

AUD/USD - Bid For Riskier Assets Trumps US Yield Influence

By Christopher Romano  —  Sep 26 - 01:25 PM
  • NY opened near 0.6885 after 0.6819 hit overnight, pair fell in early trade

  • 0.6860 neared as yields US2YT=RR firmed after claims, durable goods report

  • Buyers emerged however and AUD/USD added to overnight gains, 0.69045 traded

  • USD/CNH drop to 6.9740, commodity HGv1XAU= & stock ESv1 gains buoyed

  • AUD/USD traded up +0.98% late in the session and techs leaned bullish

  • Rising RSIs, consolidation phase & monthly bull hammer are bull signals

  • Japan's Sept. CPI Tokyo may impact risk sentiment in Asia trading

  • US Aug. PCE, Sept. U of Michigan final are data risks in NY on Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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