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Mar 24 - 04:55 PM

AUD/USD - Yen And Yields Keep Longs In The Driver's Seat

By Christopher Romano  —  Mar 24 - 02:15 PM
  • US$ strength sinks AUD/USD overnight, 0.7467 trades in Europe's am

  • Upbeat risk has investors seeking riskier assets however

  • Equities ESv1 & iron-ore DCIOc2 gain, copper rallies in early NY

  • Safe-haven yen is sold, AUD/JPY rallies to 91.85, AUD/USD follows

  • Stops above Wednesday's high get run, pair hits 0.75275 before dipping

  • US$ buys & copper gains eroding help drive AUD/USD down to 0.7495

  • Risk-on persists however & AUD/USD lifts again, sits near 0.7510 late

  • Techs lean bullish; RSIs are rising, daily doji may be a pause in the rally

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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