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Aug 04 - 03:55 PM

AUD/USD - Upward Momentum Stalls, US Jobs Report In Focus

By Christopher Romano  —  Aug 04 - 01:45 PM
  • AUD/USD overnight rally stopped short of the daily cloud base, 0.69885 hit

  • Pair fell during NY; fall aided by equityESv1, copperHGv1, AUD/JPY drops

  • 0.6946 traded after pair fell below the 55- & 10-DMAs, dip then was bought

  • US yields US2YT=RR softened, USD/CNH fell towards 6.7500, copper bounced

  • AUD/USD neared 0.6975, pair sat near the 10-DMA late in the session

  • Investors await US July NFP, AHE data & the possible impact on Fed policy

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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