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Aug 26 - 07:55 AM

AUD/USD - Familiar Turf Tread As Risk Softens A Bit

By Christopher Romano  —  Aug 26 - 07:17 AM
  • AUD/USD fails to add to recent gains as risk sentiment sours slightly

  • Equities ESv1, copper HGv1 pull back while AUD/JPY dips below 79.80

  • Safe-havens US$ & yen bought, USD/CNH rallies near 6.4850 before dipping

  • AUD/USD falls from 0.72795, nears the magnetic 10-DMA in Europe's morning

  • Pair opens NY near 0.7260; investors await US weekly claims, Q2 GDP data

  • Data impact may be limited due to risk from Fed's Jackson Hole event

  • Powell speaks Friday, investors will look for cues on tapering

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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