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Oct 22 - 08:55 AM

AUD/USD - Stimulus Hopes Erode And Bears Gain Some Traction

By Christopher Romano  —  Oct 22 - 07:25 AM
  • US$ higher against most majors as risk sentiment sours slightly

  • US aid talks persist but hopes for a pre-election deal fade nL8N2HD3AL

  • Stocks ESv1, copper HGv1, AUD/JPY drop; USD/CNH rallies near 6.6800

  • AUD/USD hits 0.7085; wider AU-US 3-year spreads help weigh down AUD/USD

  • Investor cues to come from risk sentiment driven by US stimulus headlines

  • If upbeat risk returns move above 10 & 21-DMA, Oct 21 high is likely

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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