By Christopher Romano — May 26 - 01:45 PM
AUD/USD rallied 0.7059-0.7103 in Europe, NY opened near 0.7085
USD/CNH buys, commodity sales in early NY sink AUD/USD towards 0.7070
US$ buying abates, AUD/JPY rallied toward 90.30, AUD/USD neared 0.7100
Pair slides below 0.7090 as US yields US2YT=RR bounce off their lows
Techs lean bullish; 10-DMa crosses above 21-DMA, consolidation intact
Investors await US core PCE which is the Fed's preferred price indicator
For more click on FXBUZ
audusd Click here
Source:
Refinitiv IFR Research/Market Commentary