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Aug 02 - 03:55 PM

AUD/USD - Investors Seek Safety As Risk-Off Dominates

By Christopher Romano  —  Aug 02 - 01:40 PM
  • AUD/USD opened NY near 0.6590 after falling overnight, the slide extended

  • US$ rallied on yield US2YT=RR gains, BOA upgrade to US 2023 GDP outlook

  • Risk-off buoyed US$ as investors shunned equities ESv1, iron-oreDCIOc2

  • USD/CNH rally to 7.2131 helped drive AUD/USD down to 0.65275

  • AUD/USD traded below the trend line off 2022's yearly low & RSIs are falling

  • Australia Q2 retail sales, China July Caixin services PMI are risks in Asia

  • US weekly claims, July ISM non-mfg PMI are data risks in NY Thursday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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