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TDUX
Oct 08 - 07:55 AM
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AUD/USD - US Dollar, Yield Influences Are Unavoidable

By Christopher Romano  —  Oct 08 - 07:04 AM

• 0.6968 traded overnight, sellers emerged, AUD/USD then turned lower

• USD, US yield , USD/CNH gains helped drive the pair down

• USD got an added boost on drops in silver, copper and equities

• Sharp rallies in oil fueled risk-off which weighed on AUD/USD

• AUD/USD hit 0.6945 into NY's open, the pair traded down -0.23%

• Hold below 10-DMA, falling daily RSI are bearish tech signals

• US jobless claims & US Treasury 30-year auction are risks in NY
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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