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May 28 - 08:55 AM

AUD/USD - US Yields, Commodities Help Bulls Gain Traction

By Christopher Romano  —  May 28 - 07:20 AM
  • AUD/USD rallied 0.6654-0.6674 overnight, NY opened near 0.6665, up +0.17%

  • Softer US yields US2YT=RR weighed on US$ to help the pair's rally

  • Commodity HGv1, DCIOc2, equity ESv1 gains also added to buoyancy

  • AUD/USD rallied above the 10-DMA and struck a 4-session high

  • Techs lean bullish; RSIs rising & a rally follows April's monthly doji

  • US May CaseShiller housing data & consumer confidence are data risks in NY

  • Remarks from Fed's Kashkari, Cook may impact risk sentiment Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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