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Jan 12 - 03:55 PM

AUD/USD - Bulls Grab Hold Of Better Risk Sentiment

By Christopher Romano  —  Jan 12 - 01:41 PM
  • Pair rallies in Europe am as equities, copper & AUD/JPY rally

  • AUD/USD open NY near 0.7725 but bulls lose traction in early trade

  • Equities sink while UST yield rallies extend, AUD/USD hits 0.7697

  • US$ bid fades & equities bounce, AUD/USD lifts near the 10-DMA

  • Strong UST 10-yr auction leads to lower yields & lower US$

  • Risk rallies again, US$ & yen get sold, AUD/JPY nears 80.60

  • AUD/USD rallies above the 10-DMA nears 0.7760 late in NY's afternoon

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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