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Oct 31 - 03:55 PM

AUD/USD - US Dollar Bid Outweighs Yen Sales

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

Refinitiv IFR Research/Market Commentary


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