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TDUX
Jul 08 - 03:55 PM

AUD/USD - Risk Sentiment, Bulls Recover From Early Struggles

By Christopher Romano  —  Jul 08 - 02:05 PM

• NY opened near 0.6925 after 0.6946-0.6907 traded overnight, the pair fell early

• Soured risk sentiment kept oil , USD and US yields

buoyant

• Gold, silver and equities, copper fell while USD/CNH rallied up to 6.8101

• Comments from President Trump on the tensions with Iran weighed on risk sentiment

• AUD/USD fell toward the overnight low but buyers emerged and the pair turned up

• US dollar, yields & oil gave back some gains & stocks, gold, silver moved upward

• USD/CNH eroded some gains which helped AUD/USD rally toward 0.6940

• AUD/USD sat near 0.6930 after the Fed minutes, it traded up +0.05%
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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