By Christopher Romano — Aug 02 - 12:55 PM
NY opened near 0.6515 after 0.6487 traded in Asia, rally extended initially
Yields US2YT=RR, US$ fell sharply after downbeat US July payroll report
AUD/USD hit 0.6547 with help from USD/CNH dropping to 7.1415
The pair pulled back however as stocks ESv1, gold XAU= fell sharply
Yen buying drove AUD/JPY toward 95.35; helped limit AUD/USD gains
Dip ensued despite some US banks expecting Fed to cut more aggressively
AUD/USD traded near 0.6525 late, pair was up only +0.32% late in the day
Techs are mixed; daily RSI turns up from oversold but pair below 200-DMA
RBA meeting, July global PMIs are key risks due next week
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Source:
Refinitiv IFR Research/Market Commentary