By Christopher Romano — Oct 31 - 01:35 PM
AUD/USD opened NY near 0.6365 after 0.6375 hit with AUD/JPY rally's help
AUD/USD fell sharply however as US yields US2YT=RR lifted and US$ rallied
Rallies driven by US ECI, housing data fueling concerns inflation is rising
USD/CNH rally to 7.3440 on D3, equity pull back from high weighed on AUD/USD
Pair hit 0.6315, neared 0.6335 (down -0.60%) as US$ softened in NY afternoon
Falling RSIs, hold below the 55-DMA give technicals a bearish lean
Australia Sep building approvals, China Oct Caixin mfg PMI are risks in Asia
Fed risk Wed, investors on lookout for Fed's higher for longer mantra
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary