By Christopher Romano — Nov 13 - 01:35 PM
NY opened near 0.6525 after a tight range traded overnight
0.6545 hit after US yields US2YT=RR, US$ sank after US Oct. CPI
Sellers emerged however as post-CPI moves began reversing
Yields, US$ bounced; USD/CNH hit a new high & gold XAU= turned lower
AUD/USD turned lower again, hit a 3-mo low of 0.64805, was down -0.71% late
Techs are bearish; RSIs are falling, monthly inverted hammer in place
Australia October employment report is a key risk in Asia trading hours
US weekly jobless claims and October PPI are data risks Thursday in NY
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary