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Aug 15 - 08:55 AM

AUD/USD - Riskier Assets Take A Hit On

By Christopher Romano  —  Aug 15 - 07:20 AM
  • China data indicates slower growth nL4N2ZO0XF, PBoC cuts rates

  • Data also stokes investors concerns global GDP will also slow

  • Risk sours; equities ESv1, commodities HGv1DCIOc2, yieldsYTTc1 drop

  • Safe havens US$, yen bought; USD/CNH nears 6.7860, AUD/JPY nears 93.60

  • AUD/USD fell from 0.71255 & hit 0.7023, NY opened near 0.7035

  • Techs are mixed; daily RSI falling while monthly RSI is rising

  • August US NY Fed mfgUSEMPM=ECI, NAHB housingUSNAHB=ECI are risks in NY

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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