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Mar 02 - 05:55 PM

AUD/USD - Retreats As Key UST Yields Rally Above 4%

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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