By Christopher Romano — May 20 - 07:25 AM
China cuts benchmark reference rate for mortgages nL2N2XC033, buoys risk
USD/CNH nears 6.6700, equitiesESv1, copper HGv1, iron-ore DCIOc2 rally
Safe-havens US$, yen lower vs most majors, AUD/JPY rallies toward 90.70
AUD/USD dip in Asia to 0.7003 was bought, trades 0.7073 in Europe's a.m.
NY opens near 0.7065, pair slides slightly as US$ firms a bit in early NY
Techs lean bullish; 21-DMA pierced, daily RSI rises, daily bull hammer forms
AUD/USD longs need break above May 9 daily high to take greater control
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Source:
Refinitiv IFR Research/Market Commentary