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Nov 01 - 07:55 PM

AUD/USD - Opens Little Changed As Rise In US Yields Erased Early Gains

By John Noonan  —  Nov 01 - 05:50 PM
  • AUD/USD opens a few pips lower after falling from intraday high at 0.6464

  • Move higher was underpinned by rising commodities as NY copper soared 2.7%

  • Move back below 0.6400 a reaction to reversal higher in US 2-year yield after strong US JOLTS nL1N31X1UV

  • AUD/USD support at 10-day MA at 0.6393 - more support at 21-day MA at 0.6353

  • Market looking ahead to key Fed decision late Wednesday

  • If Fed strikes a hawkish tone, USD will likely rise and weigh on AUD/USD

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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