By Christopher Romano — May 02 - 01:35 PM
NY opened with AUD/USD trading lower on the session, opened near 0.6525
Choppy trading ensued, pair then dipped toward the 0.6516 low from Asia
US yield US2YT=RR, US$ lifts & USD/CNH lift near 7.2360 weighed on AUD/USD
Buyers emerged however as yields softened and risk improved
Equities ESv1 added to gain, gold bounced USD/CNH hit a 1-1/2- month low
AUD/USD pierced the daily cloud base, traded 0.65605, was up +0.57% late
Techs lean bullish; RSIs rising & pair above a slew of daily moving averages
US April payroll report and its impact on Fed policy is a key risk Friday
A downbeat result may send US yields, US$ down & drive AUD/USD upward
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary