By Christopher Romano — Sep 16 - 07:10 AM
AUD/USD fell toward the 10-DMA overnight, 0.6700 hit, buyers emerged
US$ selling took hold as US yields US2YT=RR added to recent losses
Investors priced in a higher probability IRPR Fed cuts by 50bps Wed.
USD/CNH drop to 7.0882, commodity DCIOC2HGv1 gains helped AUD/USD rally
AUD/USD rallied above the 21-DMA, down trend line off the Aug. 29 daily high
NY opened near 0.6740, pair hit a 6-session high & traded up +0.56%
Techs lean bullish; pair above slew of DMAs, monthly bull hammer in place
September NY Fed manufacturing index is a data risk in NY's morning
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Source:
Refinitiv IFR Research/Market Commentary