By Christopher Romano — Aug 10 - 01:40 PM
AUD/USD opened NY near 0.6565 after rallying overnight, sharp lift ensued
US$, yields US10YT=RR dropped after July CPI and weekly claims data
0.6617 hit, rally stalled short of 0.6620/30 resistance zone, slide ensued
US yields firmed up & lifted US$, USD/CNH rallied toward 7.2400
Equities ESv1, copper HGv1 slid which added weight on riskier assets
Comments from the Fed's Daly helped to underpin the US dollar
AUD/USD erased all post-data gains, was near flat late in the session
Techs lean bearish; RSIs falling, daily gravestone doji candle formed
US July PPI, August U of Michigan survey data risks loom for Friday
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Source:
Refinitiv IFR Research/Market Commentary