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Apr 22 - 03:55 PM

AUD/USD - US Yield Slip Keeps Bulls In The Game

By Christopher Romano  —  Apr 22 - 01:40 PM
  • NY opened near 0.6435 after 0.64555 traded overnight, slide extended early

  • US yields US10YT=RR buoyed the US$ & weighed on goldXAU=, copper HGv1

  • 0.6425 hit then buyers emerged & yieldsUS2YT=RR sank, stocksESv1 gained

  • AUD/USD neared 0.6450 late, traded up +0.45% late in the session

  • Daily techs worry shorts; RSI rising, gains follow Friday's long legged doji

  • Australia April Judo Bank mfg, services, composite PMIs are risks in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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