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Thomson Reuters
Dec 03 - 11:00 PM
AUD/USD - Getting Support From Lower US Yields
First appeared on eFXplus on Dec 03 - 09:15 PM
  • Risk assets soggy in Asia with S&P futures -0.25% and AXJ equity index -22%
  • AUD/USD still holding on to gains due to easing US 10-year yield
  • USD offered across the board as 10-year US Treasury yield below 2.96%
  • The 10-year in a steady down-draft since hitting 3.05% in Asia yesterday
  • AUD/USD continuing to find support ahead of former daily highs at 0.7335/45
  • RBA decision later today, but it is unlikely to be a market mover

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