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Jul 08 - 05:55 AM

AUD/USD - Slides To Seven-Month Low As Global Bond Yields Sag

By Rob Howard  —  Jul 08 - 03:47 AM
  • AUD/USD falls to 0.7427 as global bond yields sag amid risk aversion

  • 0.7427 = seven-month low. 10-year UST yield drops to 1.28%, lowest since Feb

  • 1.30% was Wednesday's low. AUD is widely viewed as a proxy for risk appetite

  • Is China set to cut RRR soon? What are the implications? nL3N2OK185

  • RBA chief Lowe rejects market call for early tightening nL2N2OK04O

  • 0.7463 (Wednesday's low) is now an AUD/USD resistance level

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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