By Christopher Romano — Jan 10 - 01:44 PM
• NY opened near 0.6190 after 0.6206 trade overnight, drop extended in NY
• Dec. jobs report indicated job market is healthy; yields
rallied
• US$ rallied, USD/CNH hit 7.3639; stocks , copper fell sharply
• AUD/USD broke the 2022 yearly low, hit 0.6139, level seen back in April 2020
• Jan. U of Michigan inflation outlooks helped keep yields, US$ buoyant
• AUD/JPY fell near 96.80 on risk-off; helped weigh down AUD/USD
• Techs are bearish; RSIs falling, monthly inverted hammer in place for Jan.
• Hold below the 10- & 21-DMAs reinforce the bearish signals
• US Dec. PPI & CPI will be key data risks from the Us next week
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters