By Krishna K — Mar 02 - 05:10 PM
AUD/USD on the defensive in Asia after falling 0.5% on Thursday
Weighed down by rising U.S yields; 2-yr yield hits more than 15-year high
U.S. 10-yr, 30-yr yields rise above 4% on higher for longer Fed expectations
Tight U.S. labor data, sticky inflation fuel fears of more aggressive Fed
Bostic: Quarter-point US rate increases best to limit risk to economy
Soft Australia economic data, lower copper and yuan undermine AUD
Optimism on China economic recovery softens AUD drop
0.6765-0.6707 range trades Thu; support 0.6690-0.6700; resistance 0.6780-90
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Source:
Refinitiv IFR Research/Market Commentary