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Mar 08 - 05:55 AM

AUD/USD - Weighed Down By 10-Year UST Yield Rise To Eye 1.62%

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

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