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Sep 04 - 08:55 AM

AUD/USD - US Yield, Dollar Influences Trump Bearish Influences

By Christopher Romano  —  Sep 04 - 07:15 AM
  • AUD/USD fell below the 21-DMA in Asia, hit a 12-session low of 0.66855

  • Commodity DCIOc2HGv1, equity ESv1 drops helped weigh on the pair

  • Buyers emerged however, pair turned positive, NY opened near 0.6715

  • AUD/USD traded up +0.06% in early NY on the back of US$ selling

  • US 2-yr yield US2YT=RR hitting a 16-month low helped weigh on US$

  • Daily techs warn shorts; RSI diverged, bull hammer candle formed

  • US July JOLTS report is the key data risk during NY trading today

  • July int'l trade & factory orders, Fed Beige Book risks also due

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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