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Aug 31 - 03:55 PM

AUD/USD - Gains Erode As Risk Shifts And Rates Rally

By Christopher Romano  —  Aug 31 - 01:37 PM
  • AUD/USD sinks in Europe am, NY opens near 0.7325, slide extends

  • After early gains equities ESv1, copper HGv1 sink & yen is bought

  • US$ buying takes hold as US rate complex reverses the early NY drop

  • AUD/USD dips below 0.7305, sits near 0.7310 late in the day

  • Long upper wick on daily candle is a concern for recent AUD/USD longs

  • US August ADP employment report is a risk on Wednesday

  • For more click on FXBUZ

audusd Click here

Refinitiv IFR Research/Market Commentary


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