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AUSSIE: Despite climbing to the intraday high of $0.6789 in Monday's Asia-Pac
session, on the back of a firmer risk appetite, AUD/USD failed to hold gains and
dipped in early European trade. Subsequent recovery was negated late doors, as
rising U.S. Tsy yields & a round of comments from Fed's Rosengren pushed USD
higher. The central banker seemed unmoved since his recent hawkish decent,
stating that stronger signals of an economic slowdown would be needed to warrant
further easing from the Fed.
- AUD/USD last deals at $0.6768, barely changed on the day. The initial downside
target is provided by the Aug 14 low of $0.6736. A break here would open up the
lower 1.0% 10-DMA envelope at $0.6705. Meanwhile, bulls look for a breach of the
100-HMA/200-HMA at $0.6775/78, which would shift their focus to the $0.6800
- The RBA will release minutes from its most recent MonPol meeting later today.
Skilled vacancies data comes out on Wednesday, with flash CBA PMIs due on