Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 10 - 07:55 PM

AUD/USD - Opens Higher As US Yields Fall Despite Hotter US CPI

By John Noonan  —  Jun 10 - 06:18 PM
  • AUD/USD opens 0.27% higher after significant fall in US yields gave support

  • The 10-year US yield fell 6 BPs to its lowest level since March 3

  • Market brushed off hot US CPI, as Fed transitory view shared by bond market nL2N2NR2Q5nL2N2NS2F2

  • AUD/USD fell to 0.7719 in wake of US CPI only to reverse when US yields fell

  • It traded to 0.7764 before failing above 0.7760 for fourth straight day

  • Resistance is at the 50% of 0.7891/0.76446 move at 0.7768

  • A break above 0.7775 targets the 61.8 of that move at 0.7797

  • Buyers ahead of 0.7700 continue to support the AUD/USD on dips

  • Falling US Treasury yields should continue to favour AUD/USD longs

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!