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Aug 05 - 03:55 PM

AUD/USD - US Dollar Soars On Jobs Data

By Christopher Romano  —  Aug 05 - 01:55 PM
  • AUD/USD dropped in overnight trading, NY opened near 0.6945

  • Pair falls after big upside surprise to US July NFP, AHE nL1N2ZG2G3

  • US rates EDZ2 spike up as investors price in higher terminal Fed rate

  • US$ bought broadly after data, USD/CNH neared 6.7690 before dipping

  • AUD/USD fell below the 21-DMA, hit 0.6870 then bounced above 0.6915

  • Lift off lows for stocks ESv1, copper HGv1 & AUD/JPY gains buoy AUD/USD

  • Techs lean bearish; RSIs falling, AUD/USD below daily cloud, 10 & 55-DMAs

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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