Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 08 - 03:55 PM

AUD/USD - Commodities, Yuan Lifts Gives Longs A Boost

By Christopher Romano  —  Apr 08 - 01:40 PM
  • NY opened near 0.6590 after 0.65595 hit overnight, rally extended in NY

  • USD/CNH drop to 7.2413; equity ESv1 & commodity XAU=HGv1 gains buoyed

  • AUD/USD gained despite US yields US2YT=RR hitting fresh short-term highs

  • 0.6610 traded, AUD/USD traded up +0.43% late in the session

  • Technicals lean bullish; RSIs imply upward momentum, 21-DMA lends support

  • March NAB business confidence, conditions are risks in Asia

  • Investors likely more focused on US March CPI which is due Wednesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!