By Rob Howard — Mar 08 - 04:23 AM
AUD/USD drop to 0.7651 influenced by rise in 10-year UST yield to eye 1.62%
See: nL8N2L61JT. 0.7651 = intra-day low. 0.7686-0.7723 was Asia range
0.7624 was AUD/USD low Friday, when UST yield hit 1.62% on big NFP beat
1.62% = 13-month high nL2N2L31XK. 0.7624 = lowest level since Feb 2
IMM specs flipped to net AUD long for first time since Jan in week to Mar 2
See: nL1N2L60CF. RBA's Lowe to speak about monetary policy on Wednesday
AUDUSD Click here
Source:
Refinitiv IFR Research/Market Commentary