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Jun 25 - 08:55 AM
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AUD/USD - Still Heavy As USD Bulls Reign Ahead Of PCE Data
By Christopher Romano — Jun 25 - 07:02 AM
• AUD/USD traded 0.6908-0.6887 ovenright, NY opened near 0.6890, down -0.14%
• USD buying, US yield gains helped to weigh down the pair
• Drops in gold and silver added bearish pressur eon AUD/USD
• Equity rally, USD/CNH drop may have helped limit AUD/USD's drop
• Techs lean bearish; RSIs indicate downward momentum, pair is below 10- & 21-DMAs
• US May headline & core PCE a key risk today, estimates are
for increase from April
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters