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Aug 25 - 03:55 PM

AUD/USD - Consolidation Persists, Daily MAs Act Magnetically

By Christopher Romano  —  Aug 25 - 01:55 PM
  • Muted action in Europe a.m. & NY trade, NY opens near 0.7180 nL1N2FR0HF

  • Equities gain slightly while copper stagnates & iron-ore falls

  • AUD yield advantage erodes a bit as AU-US yield spreads tighten

  • AUD/USD touches 0.7191 but nears 0.7175 late as the US$ is generally bid

  • AUD/JPY rally near 76.50 likely helps to buoy AUD/USD for the session

  • Pair sticks near 10 & 21-DMAs while consolidation of recent drop persists

  • Investors remain side lined as they await Powell's speech on Thursday

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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