By Christopher Romano — Aug 03 - 07:25 AM
AUD/USD rallied to 0.6555 in Asia, sellers emerges & pair turned negative
Rising US rates SRAZ3, equityESv1 & iron-oreDCIOc2 drops weighed
AUD/USD hit a 2-month low of 0.6514, NY opened near 0.6525, pair neared flat
USD/CNH drop from 7.2074 to below 7.1750 helped AUD/USD bounce above 0.6535
Daily doji candle formed, indicates pause in fall or reversal possible
May, June monthly lows in the 0.6559/86 zone are impediments for shorts
US weekly claims, Q2 labor costs, July ISM non-mfg PMI risks loom
Richmond Fed's Barkin comments at 8:30 am NY time may impact markets
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary