By Christopher Romano — Feb 24 - 01:10 PM
Above estimate US Jan. PCE likely to keep the Fed's policy hawkish
US rates EDZ3 rally US$, sink equities ESv1, iron-ore DCIOc2
Rising US-Sino tensions help drive USD/CNH up above 6.9810 on D3
High beta AUD fell sharply, AUD/USD struck a 1-1/2-month low
Pair traded below 0.6720 and sat nearby late in Friday's session
Techs are bearish; pair below 200-DMA, daily & monthly RSIs falling
Monthly inverted hammer for Feb. Reinforces the bearish signals
Feb. ISM mfg, non-mfg PMIs & weekly claims are key data risks next week
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Source:
Refinitiv IFR Research/Market Commentary