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Mar 13 - 10:55 PM

AUD/USD - Under Pressure In Asia As US 2-Year Yield Off Lows

By John Noonan  —  Mar 13 - 09:45 PM
  • AUD/USD slipping lower in Asia and is below 0.6650

  • USD trading with bid tone, but AUD/USD underperforming other majors

  • The US 2-year yield is back to 4.08% from NY close at 3.98%

  • AUD/USD failure to close above the 10-day MA is a disappointing for longs

  • A dovish turn in RBA expectations helping to cap the upside

  • According to Refinitiv RBAWATCH - RBA finished hiking and easing being priced in later in the year

  • Hourly support is at 0.6610/15 where bids are tipped

  • Market now looking ahead to US CPI later today

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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