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May 26 - 03:55 PM

AUD/USD - Tight Range Ahead Of US Core PCE

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

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