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Dec 02 - 08:55 AM

AUD/USD - Balanced Risks Keep Ranges Tight Ahead Of Jobs Data

By Christopher Romano  —  Dec 02 - 07:10 AM
  • US$ lower against most majors, weighed down by lower US rates EDH3

  • USD/CNH fell below 7.0070 before bouncing near 7.0270 ahead of NY open

  • Equities ESv1, commodities HGv1, AUD/JPY all lower on the session

  • AUD/USD up slightly on the session, traded 0.6795-0.6836 range overnight

  • NY opens near the mid-point of that range, pair trades +0.08% on the session

  • Techs lean bullish; RSIs rising, pair consolidating gains off Nov. 29 low

  • US Nov. Jobs data looms; downside surprise should see US$ sink, AUD/USD gain

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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