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Jun 29 - 03:55 PM

AUD/USD - Downside Momentum Cannot Be Sustained In NY

By Christopher Romano  —  Jun 29 - 01:45 PM
  • After hitting 0.6862 in Europe AUD/USD opened NY near 0.6900

  • US$ gains against DM ccys helped pressure AUD/USD down again

  • US rates US2YT=RR lift while Fed's Powell speaks nL1N2YG1C3

  • AUD/USD neared Europe's low, low held despite USD/CNH turning +ve

  • CopperHGv1 gains, late day USD/JPY sell-off help underpin AUD/USD

  • AUD/USD techs lean bearish; pair below the 10-DMA, RSIs are falling

  • China June NBS mfg & non-mfg PMI, US May PCE are data risks Thursday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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