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Jun 01 - 03:55 PM

AUD/USD - Wild Swings Result In Indecision

By Christopher Romano  —  Jun 01 - 02:05 PM
  • Overnight dip bought, rally ensued, China data, AU rates YTTc1 aid lift

  • NY opened near 0.7190, early risk-on lifts stocks ESv1, copper HGv1

  • Safe-havens US$, yen sold, USD/CNH drops below 6.6800, AUD/JPY gains

  • US rates EDU2, US10YT=RR,US$ rally after data nN9N2WB002nL1N2XN349

  • AUD/USD falls sharply, hits 0.7156 but n ears 0.7185 late in the day

  • Equity bounce off lows & AUD/JPY rally above 93.50 help lift AUD/USD

  • Pair near flat on the day & a daily doji forms, implies indecision

  • Investors await US ADP, claims, May jobs data & potential Fed reaction

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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