By Christopher Romano — Nov 26 - 02:05 PM
NY opened near 0.6495 after 0.64335 traded overnight, lift extended early
0.65075 with help from softer US yields US2YT=RR & equity ESv1 gains
Sellers emerged as yields & US$ firmed up, commodities XAU=HGv1 fell
USD/CNH turned positive to help AUD/USD erase gains & fall towards 0.6445
AUD/JPY drop towards 98.90 factored into AUD/USD trading lower
Pair fell below the 10-DMA and traded down -0.79% late in the session
Muted reaction to minutes of Fed's Nov. 6-7 meeting; AUD/USD sat near 0.6455
US weekly claims, Q2 GDP (2nd estimate), Oct. PCE are key data risks Wed.
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Source:
Refinitiv IFR Research/Market Commentary