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Aug 31 - 02:55 AM

AUD/USD - Hoovers Up Offers As US Treasury Yields Slip Again

By Ewen Chew  —  Aug 31 - 01:35 AM
  • AUD/USD romps higher to 0.7324, extending rally above 21 DMA

  • Robust move reflects UST yields slipping again; 10y 1.277%

  • AUD/USD may reach Fibo resistance 0.7379 before stalling

  • If it closes above that, Ichimoku Cloud 0.7420 is next target

  • Markets shrug at poor China PMIs, regulatory risks nL1N2Q202B

  • Australia govt spending binge may help dodge recession nL1N2Q2038

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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