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Dec 27 - 09:55 PM

AUD/USD - Rise Impeded By Surge In Near-Term Treasury Yields

By Ewen Chew  —  Dec 27 - 09:03 PM
  • AUD/USD settles slightly lower but still in uptrend channel

  • Asia stocks up, but US yields tame FX risk-on mood; 2y 0.748%

  • Short-term US yields surge on robust US spending nL1N2TB07T

  • Makes an earlier-than-forecast Fed rate hike more likely

  • AUD/USD hence impeded, may fail to reach target 100 DMA 0.7292

  • Could instead fade to 0.7212 base of Bollinger uptrend channel

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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