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TDUX
Sep 18 - 08:55 AM

AUD/USD - RBA Rhetoric Helps Bulls Gain Traction

By Christopher Romano  —  Sep 18 - 07:11 AM

• 0.7110-0.7136 traded overnight, NY opened near 0.7130, up +0.24%

• RBA governor Bullock's inflation rhetoric upped probability for a hike

• The comments buoyed the aussie as did gold, silver, stock rallies

• USD/CNH drop to 6.6935, US 10-yr yield drop from its high also buoyed

• Daily RSI is rising but pair below Sep. 16 high & still within that days range

• US Aug. industrial prod., comments from Fed's Bowman, Schmid are risks today
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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