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FX Closing Bell August 01, August Opening Range Debuts USD Bounce, RBA Works To Weaken AUD

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#news @ForexYellJuly’s top performing currencies like EUR, AUD, and CAD traded lower on the day while Crude Oil fell 2.5% in what may turn out to be monthly open repositioning.Highlights: • DXY rebounds after tumultuous initial seven months of 2017, beware the opening range• AUD taking a breather as wordy RBA holds rates, but fails to convince market to sell AUD• Crude oil price sees a strong drop as Libyan production hits 4-year highs ahead of inventory data• Sentiment Highlight: EUR/JPY longs provide contrarian signal to watch for price test of supportAccess our market outlooks and trading guides here: https://www.dailyfx.com/free_guide-tg...

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