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Dec 29 - 05:55 PM

AUD/USD - Bears Lose Their Grip On Us Yield, Dollar Moves

By Christopher Romano  —  Dec 29 - 12:55 PM
  • NY opened near 0.6800, AUD/USD then fell to 0.6782 on soured risk, US$ buys

  • USD/CNH rally, equity ESv1 & commodity HGv1XAU= drops weighed on AUD

  • Buyers emerged however as US yields US2YT=RR dropped & US$ buys abated

  • Riskier assets firmed up, AUD/USD rallied & turned slightly positive

  • AUD/USD neared 0.6840 and traded +0.07% late in the session

  • Daily long legged doji formed after 10-DMA was pierced & monthly RSI rising

  • China December NBS manufacturing PMI is a data risk over the weekend

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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