By Christopher Romano — Oct 24 - 01:20 PM
NY opened near 0.6355 after AUD/USD hit 0.6378 overnight, slide extended
US yield US2YT=RR, US$ bounced weighed on the pair, 0.6344 was hit in NY
Upbeat October S&P Global PMI helped lift US yields and US$
Iron-oreDCIOc2, USD/CNH rally & erosion of equityESv1 gains also weighed
AUD/USD slid below the 21-DMA but help above the 10-DMA, was up +0.26% late
Techs mixed; daily RSI rising & monthly falling; day inverted hammer formed
Australia Q3 CPI, RBA trimmed mean CPI are key risks in Asia trading hours
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Source:
Refinitiv IFR Research/Market Commentary