By Christopher Romano — Jan 28 - 07:15 AM
• AUD/USD hit 0.6294 in Asia then fell sharply, turned lower on the session
• President Trump made remarks about imposing tariffs on copper, aluminum
• US$ rallied, USD/CNH hit 7.2858; Australian yields dropped
• US yield gains helped put downward pressure on AUD/USD
• AUD/USD opened NY near 0.6250, par then hit 0.6240, traded down -0.75%
• Falling daily RSI, drop below 10-DMA are concerning signals for longs
• US Dec. Durable goods, Jan. Consumer confidence are data risks in NY
• Jan. Richmond Fed's indexes, Dallas Fed's business survey also due Tues.
• Australia Q4 CPI, RBA's weighted & trimmed mean CPIs are risks in Asia
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters