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Jul 01 - 12:12 AM
AUD/USD - Eases Below 0.7000 After Weak Caixin PMI
First appeared on eFXplus on Jun 30 - 09:55 PM
  • AUD/USD traded to 0.6995 after Caixin June PMI below 50 nS7N1DB01H
  • AUD/USD move below Friday's 0.6998 low ends 8 days of higher lows
  • A daily close below 0.6998 completes bearish outside day
  • USD broadly higher as gold falls over 1% and US yields move higher
  • AUD/USD may be setting up as a 'buy the rumour/sell fact' after trade truce

Source:
Refinitiv IFR Research/Market Commentary

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