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Oct 07 - 02:55 AM

AUD/USD - Struggles Against Lofty US Yields; China Open Eyed

By Ewen Chew  —  Oct 07 - 01:15 AM
  • AUD/USD struggles to gain but holds above 0.6800 line

  • Last 0.6804, teetering just above 21 DMA support 0.6798

  • Failure to end Mon above that may spur long capitulation

  • UST yields elevated; 2y 3.954%, 10y 3.979%, supporting USD

  • Unless China unleashes more risk-on, AUD may moderate ahead

  • Mainland China financial markets will reopen on Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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