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Mar 12 - 08:55 AM

AUD/USD - U.S. Yields Continue To Be The Main Driver

By Christopher Romano  —  Mar 12 - 07:21 AM
  • AUD/USD trades to a 6-session high overnight, 0.7801 hit but reversal ensues

  • US 10-yr yield US10YT=RR rises sharply & eurodollar EDZ2 prices drop

  • Rally in US rate complex lifts the US$ & turns risk sentiment negative

  • Yen buys sink AUD/JPY near 84.20; US$ buys rally USD/CNH near 6.5150

  • Equities ESv1, copper HGv1 also sink on the back of risk-off

  • AUD/USD slides in Europe am, dips below 10-DMA, opens NY near 0.7730

  • The 55-DMA helps stem the slide, pair down near -0.50% on the session

  • For more click on FXBUZ




aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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