By Christopher Romano — Jun 15 - 07:20 AM
AUD/USD hit 0.68735 low overnight, rally ensued as risk sentiment improved
Unscheduled ECB meeting nL8N2Y2128 tightens DE-IT spreads DE10IT10=RR
Tighter spreads help rally risk; equitiesESv1 gain, copperHGv1 bounces
Safe-havens US$, yen sold; USD/CNH drops below 6.7140, AUD/JPY nears 93.60
Falling global rates EDH3FEIU3 help buoy riskier assets, high beta ccys
AUD/USD nears 0.6950 in early NY, sits just above 76.4% fib of 0.6829-0.7282
Fed looms, risk of surprise 75bps hike FEDWATCH, if occurs US$ may rally
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Source:
Refinitiv IFR Research/Market Commentary