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Jun 10 - 02:55 AM

AUD/USD - Subdued On Falling Australia Bond Yields

By Krishna K  —  Jun 10 - 01:18 AM
  • AUD/USD unchanged in Asia, traders await U.S. consumer price report Thursday

  • U.S. CPI expected to accelerate 0.4% in May, taking the annual pace to 3.4%

  • Higher than expected inflation reading will reignite Fed tapering concerns

  • AUD rallies capped on perception RBA will lag global peers on rate rises

  • Undermined by falling AU yields; 10-yr yield falls to lowest in 4 months

  • AU 10-year now 2bps below U.S. counterpart, 1st negative spread since Mar 29

  • Support 0.7720-25, 0.7700-05, resistance 0.7760-65, 0.7795-0.7800

  • For more click on FXBUZ


AU-US yields: Click here

Source:
Refinitiv IFR Research/Market Commentary

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