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Aug 16 - 03:55 PM

AUD/USD - Improved Risk Erodes Losses As Fed Minutes, Speeches Loom

By Christopher Romano  —  Aug 16 - 01:40 PM
  • AUD/USD fell below the 10-DMA & daily cloud top overnight, 0.69915 traded

  • NY opened near 0.7000 & fell early but downside momentum faded after data

  • Housing starts hit a 1-1/2-year low nL1N2ZS0UU, stirs slow growth concern

  • US$, US rates US10YT=RR softened after data, USD/CNH dropped below 6.8000

  • Equities ESv1 rallied and commodities HGv1 bounced off the lows

  • AUD/USD neared 0.7025 then slid back toward 0.7015 late in the session

  • Daily doji candle formed, implies either pause in the drop or rally is due

  • RBNZ nL4N2ZQ0IZ, US July sales data, Fed minutes & speakers are risks Wed.

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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