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Jan 16 - 07:55 PM

AUD/USD - Slumps As Fed Rate Cut Bets Pared

By Krishna K  —  Jan 16 - 05:55 PM
  • AUD/USD on the back foot in Asia after declining 1.15% on Tuesday

  • Weighed down by higher U.S. yields as Fed rate cut outlook dims

  • Fed officials push back against market expectations of imminent rate cuts

  • U.S. 10-year yield rallies 10 bps, 2-yr +8 bps, provides a boost to USD

  • Coming flood of Treasury issuance unsettles investors after blazing rally

  • China 2023 full-year GDP and December activity data in focus Wednesday

  • Tue range 0.6660-0.6580; support 0.6570-80,0.6550; resistance 0.6610-20

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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