Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 02 - 03:55 PM

AUD/USD - US Yields, Yuan Gains Give Bulls The Reins

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

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


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