By Christopher Romano — Apr 25 - 02:05 PM
AUD/USD fell overnight, NY opened near 0.6665 and the slide extended
First Republic Bank explores asset sale; reinforced earlier risk-off trading
US consumer confidence report stoked growth concerns, drove flight to safety
US rates SRAU3 fell as did equities ESv1 and commodities DCIOc2, HGv1
US$, yen gained; USD/CNH rallied toward 6.9510, AUD/JPY fell below 88.40
AUD/USD broke the up trend line off March 10 low & April 10 daily low
Pair hit a 1-1/2-month low, traded 0.6614, sat nearby late in the session
Falling RSIs, monthly inverted hammer candle are bearish technical signals
Australia Q1 CPI, RBA trimmed mean CPI are risks during the Asia session
German May GfK consumer sentiment, U March durable goods are risks Wed.
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Source:
Refinitiv IFR Research/Market Commentary