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Apr 14 - 02:55 AM

AUD/USD - Rises On Kiwi's Coattails As USD Yield Allure Fades

By Krishna K  —  Apr 14 - 01:49 AM
  • AUD/USD gains 0.3% in Asia as USD stays on defensive on sagging U.S. yields

  • Buoyed as expectations of runaway U.S. inflation are reassessed

  • Boosted by Kiwi rallying to 3-week highs after RBNZ holds rates nL1N2M704Q

  • Well-received sale of A$14 bln of new 2032 government bonds Tues boosts AUD

  • Westpac-MI consumer sentiment index surges to 11-year peak in Apr, supports

  • Resistance 0.7675-80, 0.7700, 0.7715, support 0.7635, 0.7620, 0.7590-0.7600

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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