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Jun 16 - 08:55 AM

AUD/USD - Cloud Cover Halts The Bounce

By Christopher Romano  —  Jun 16 - 07:26 AM
  • US$ generally lower as US 10-yr yield sinks, Dec 2022 ED price rallies

  • Copper bounces and USD/CNH sinks near 6.3945 in overnight trade

  • AUD/USD drifts higher in overnight trade, hits 0.77095 ahead of NY open

  • Lift stalls as US$ buys emerge, USD/CNH nears 6.4000, AUD/USD nears 0.7700

  • AUD/USD techs lean bearish, pair trades below daily cloud, slew of daily MAs

  • Fed now in focus, if deemed less dovish AUD/USD is likely to fall

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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