By Christopher Romano — Apr 16 - 01:25 PM
Fixes typo in headline
NY opened near 0.6310, pair rallied above 0.6325 early then turned lower
US yield US10YT=RR, equity ESv1 drop & buoyant UDS/CNH weighed
Pair traded to a fresh 5- month low, 0.63975 hit, pair then bounced
Gold XAU= turned positive, stocks neared flat, USD/CNH neared flat
AUD/USD bounced above 0.65305, traded down -0.53% late in the session
Techs are bearish; RSIs are falling, monthly inverted hammer in place
Australia March composite leading index is a data risk in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary