By Ewen Chew — Aug 24 - 11:05 PM
AUD/USD spins its wheels, stuck around Fri open 0.6416
Closing below 0.6417 affirms Bollinger downtrend channel
Tiny range 0.6412-0.6420 traded ahead of Powell's speech
Fed chair's speech at Jackson Hole will be scrutinized
Odds are he will strike a balanced tone on Fed rate path
UST yields creep up in Asia, with 2y at 5.025%, 10y 4.251%
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary