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Apr 26 - 03:55 PM

AUD/USD - US Dollar, Rates Help Keep Downside Risks In Place

By Christopher Romano  —  Apr 26 - 01:40 PM
  • AUD/USD fell overnight, NY opened near 0.6605 then fell to 0.65955

  • Pair bounced on early risk-on; equities ESv1 gained & US$ dropped

  • 0.6620 was neared but pair neared 0.6605 late as US rates SRAU3 rallied

  • US$ lifted on rate gains; USD/CNH turned positive, rallied above 6.9425

  • Soured risk drove erosion of equity gains, copper HGv1 drop, US$ up

  • AUD/USD traded down -0.28% late in the session helped techs stay bearish

  • Falling RSIs, monthly inverted hammer highlight downside risks

  • Australia Q1 exp/imp prices, US weekly claims are data risks Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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