By Christopher Romano — May 17 - 01:35 PM
AUD/USD opened NY near 0.6650 after an 11-session low was hit overnight
Pair fell toward 0.6640 on higher US rates SRAU3, broad US$ buying
Risk improved, reports said US debt ceiling deal may be reached by Sunday
Equities ESv1, copper HGv1 rallied & USD/CNH fell below 7.0030 on D3
AUD/USD rallied into positive territory, traded above 0.6670 late
Daily RSI diverged, daily bull hammer formed; are concerns for shorts
Australia April employment, US weekly claims are key data risks Thursday
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Source:
Refinitiv IFR Research/Market Commentary