By Christopher Romano — Sep 03 - 01:40 PM
NY opened near 0.6735 after 0.67925 traded overnight, pair lifted early
0.6750 was neared on the back of soft US yield US2YT=RRUS10YT=RR, US$
Buying of safe-haven assets helped to erase the pair's early rally however
US ISM mfg PMI, July construction reports helped fuel the bid for safety
AUD/JPY fell toward 97.65 & stocksESv1, commodities HGv1XAU= also sank
US yields remains lower on the session which reinforced the safety trade
AUD/USD hit 0.6712, a 7-session low, was down -1.10% late in the session
Techs lean bearish; RSIs are falling, pair traded below the 10-DMA
China August Caixin manufacturing PMI is a data risk in Asia
US July JOLTs, July trade balance, Fed's Beige Book are risks Wednesday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary