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Aug 31 - 03:55 PM

AUD/USD - Commodities, Rates Factor Into 20-Month High

By Christopher Romano  —  Aug 31 - 01:45 PM
  • UST 10-yr yields fall, fed funds futures prices are buoyed, US$ sinks

  • Copper HGv1, iron-ore DCIOc2 break to new trend highs

  • Yen sales lift AUD/JPY near 78.50; USD/CNH holds near overnight lows

  • Pair opens NY near 0.7350, bulls take charge & lift pair to 0.74035 high

  • Techs are bullish, RSIs imply bull momentum intact but daily RSI overbought

  • RBA risk looms, options imply post-RBA volatility to be limited nL1N2FX05R

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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