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Dec 19 - 01:55 PM

AUD/USD - US Yields, Dollar Temper The Bulls

By Christopher Romano  —  Dec 19 - 01:20 PM
  • NY opened near 0.6245 after 0.6199 traded inAsia, rally extended initially

  • Early US$ weakness drove AUD/USD up to 0.6265, sellers them emerged

  • Yield US10YT=RR gains lifted US$; stocksESv1, goldXAU= lost some gains

  • AUD/USD hit 0.6240, pair bounced, neared 0.6250, was up +0.49% late

  • USD/CNH's trading lower may have helped to underpin AUD/USD

  • Daily RSI diverged, daily doji formed; may be concerns for AUD/USD shorts

  • US Nov. PCE, Dec. consumer confidence are data risks in NY Friday

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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