By Christopher Romano — Jan 06 - 01:25 PM
Higher US rates EDZ3, US$ sank AUD/USD overnight, pair hit 0.6722 early NY
Losses erased however as rates, US$ fell & risk-on sentiment took hold
Riskier asset rallied with help from US data nL1N33Q2P6nN9N32B00C
Equities ESv1, commodities HGv1 rallied & USD/CNH fell below 6.8290
AUD/USD rallied above the Jan. 5 daily high and the 200-DMA, hit 0.6870
Techs lean bullish; RSI rising, monthly bull hammer candle is in place
Ongoing consolidation of gains off 2022 low reinforces bull signals
US Dec. CPI is a risk June 12; downside surprise may see 0.6890/0.6915 break
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary