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Aug 06 - 08:55 AM

AUD/USD - Rates, US Dollar Are Key Drivers Ahead Of Jobs Data

By Christopher Romano  —  Aug 06 - 07:13 AM
  • AUD/USD drops to 0.7380 in overnight trade, NY opens near 0.7390

  • US 10-yr yield US10YT=RR gains, Dec 2022 ED EDZ2 price rallies

  • Rise in US rate complex help drive US$ higher vs major & EM ccys

  • AUD/USD hemmed in between 10- & 21-DMAs, trade within bear flag as well

  • US jobs in focus, an upbeat report is likely to lift US$, rates further

  • AUD/USD then likely to break base of bear flag, test near July low

  • For more click on FXBUZ



audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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