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May 08 - 07:55 AM

AUD/USD - Bank Rally, Yen Weakness Put April's High In Jeopardy

By Christopher Romano  —  May 08 - 07:20 AM
  • Surge upward for US regional bank equity prices drives upbeat risk

  • Yen selling rallied AUD/JPY to a 4-session high near 91.75

  • Equity ESv1, iron-ore DCIOc2 gains reinforced risk-on sentiment

  • AUD/USD rallied to a 1-month high, struck 0.6800 in early NY trading

  • Rally stalled just short of April's monthly high which sits 0.6808

  • Techs are bullish; RSIs rising, AUD/USD extends rally above the 200-DMA

  • Daily cloud top (0.6861), Feb. 22 high (0.6864) eyed on break of Apr high

  • Fed's Senior Loan Officer Opinion Survey is an event risk during NY

  • US April CPI & core CPI inflation data is a key risk due Wednesday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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