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Sep 08 - 03:55 PM

AUD/USD - Shorts Lose Traction, Risk Buoyed After Fed, ECB

By Christopher Romano  —  Sep 08 - 01:45 PM
  • AUD/USD range traded for most of NY, held between 0.6717/60

  • Soured risk, firm US rates & US$ help pair test the lower end

  • US$ weakness takes hold while stocks ESv1, commodities HGv1 rally

  • Upward shift for risk helps pair near the range top late in NY session

  • USD/CNH drop towards flat on the session also helps underpin AUD/USD

  • Second consecutive daily bull hammer forms, shorts may be losing control

  • China August CPI, PPI are data risks during the Asia session

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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