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Jan 05 - 08:55 AM

AUD/USD - Yuan, Commodities Throw Bulls A Lifeline

By Christopher Romano  —  Jan 05 - 07:29 AM
  • AUD/USD rallies near 0.7720 in overnight trade as risk improves slightly

  • USD/CNH CNH= drop toward 6.4120, AUD/JPY lift near 79.50 help buoy AUD/USD

  • Bounce in copper HGv1, iron-ore DCIOc2 futures help AUD/USD's bounce

  • AUD/USD consolidating recent gains while in 0.7625/0.7750 range

  • Georgia run-off results tonight, investors stay side lined until then

  • An AUD/USD correction toward 0.7450/0.7500 support cannot be ruled out

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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