By Christopher Romano — Apr 24 - 07:15 AM
AUD/USD traded 0.64845-0.6530 in Asia on the back of Australia CPI
Upside beat for Q1 CPI rallied yields AU3YT=RR, dashed hopes for RBA cuts
Iron-ore DCIOc2, equity ESv1 gains also helped buoy AUD/USD
Much of the gains eroded as US yield US2YT=RR gains rallied the US$
USD/CNH rallied to 7.2675 (D3), USD/JPY hit a fresh multi-decade high
Gold XAU=, copper HGv1 fell which weighed on commodity currencies
AUD/USD traded 0.6498, NY opened just above 0.6500, was up +0.18% early NY
Rally stalled near converging 55- & 200-DMAs, daily inverted hammer formed
Rising daily RSI & April's monthly doji candle may give longs some comfort
US March durable goods is the main data risks during NY's morning
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary