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Mar 03 - 08:55 AM

AUD/USD - US Rate, Dollar Drop Boosts Longs Ahead Of Services PMI

By Christopher Romano  —  Mar 03 - 07:20 AM
  • AUD/USD rallied 0.67245-0.67665 overnight, NY opened near 0.6755

  • US$ sold broadly on the back of US rate EDZ3, US2YT=RR drops

  • Equity ESv1, iron-ore DCIOc2 gains & USD/CNH drop boost risk-on

  • AUD/USD traded up +0.34% early NY & tech signals are mixed

  • RSIs rising, pair below 10- & 200-DMA, consolidation of drop ongoing

  • Feb. ISM non-mfg PMI due USNPMI=ECI; jobs, prices paid components are key

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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