By Christopher Romano — Apr 26 - 01:35 PM
AUD/USD opened NY near 0.6535, pair rallied to 0.65545 after US March PCE
Sellers emerged however as US yields US2YT=RR, US$ started rallying
USD/JPY hit a fresh 34-year high, USD/CNH rallied to 7.2680 on D3
AUD/USD fell to 0.65175, slide stalled & buyers then took over
Yields softened, gold XAU= rallied & equities ESv1 saw big gains
AUD/USD neared 0.6535, pair traded up +0.21% late in the session
Techs lean bullish; RSIs rising, pair traded above the 10- & 21-DMAs
US ADP, JOLTS, claims, payroll reports will be in focus next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary