By Christopher Romano — Oct 01 - 01:40 PM
NY opened near 0.6900 after 0.6943 hit overnight, pair's drop extended
Early rally near 0.6915 was sold; firm US yields, US$ weighed on AUD/USD
Pair's slide persisted after Sept. US ISM mfg PMI, Aug. JOLTS data
Increase in geopolitical tensions fueled a bid for safe-haven assets
AUD/JPY, yields US2YT=RR, stocks ESv1 fell while gold XAU= rallied
AUD/USD hit a 3-session low, neared the 10-DMA, 0.68575 traded
Pair bounced slightly, neared 0.6875; traded down -0.58% late in the day
Techs lean bearish; RSIs falling, price drop followed Monday's doji candle
US Sept ADP, remarks from slew of Fed speakers are risks Wednesday
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Source:
Refinitiv IFR Research/Market Commentary