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Jul 13 - 03:55 PM

AUD/USD - Downside Risks Grow On Inflation, Rate Influences

By Christopher Romano  —  Jul 13 - 01:57 PM
  • AUD/USD falls from the 0.75035 high in Europe am, NYT opens near 0.7485

  • June CPI comes in much hotter than forecast nL1N2OO1VQ, AUD/USD dives down

  • US$ goes broadly bid as US Treasury yields rally & eurodollar prices drop

  • AUD/USD falls to 0.7427, bounce ensues as stocks rally & yields pull back

  • 0.7480 neared but pair falls below 0.7450 after US 30-yr bond auction

  • RSIs dropping, pair below 10-DMA, monthly inverted hammer show bearish techs

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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