AUD/USD touches fresh daily top near 0.6765 region, upside potential seems limited – by hareshmenghani AUDUSD China Fed Bonds Currencies
n session. The momentum lifts spot prices to a fresh daily high, around the 0.6765 region in the last hour, and is sponsored by the emergence of fresh selling around theA modest pullback in the US Treasury bond yields is turning out to be a key factor exerting some downward pressure on the buck.
Firming expectations that the Federal Reserve will stick to its hawkish stance for longer in the wake of stubbornly high inflation should act as a tailwind for the US bond yields and lend support to the USD. The bets were lifted by hawkish commentary by a slew of influential FOMC members, stressing the need for higher rate hikes to fully gain control over inflation.
Furthermore, worries about economic headwinds stemming from rapidly rising borrowing costs continue to weigh on investors' sentiment. This is evident from the prevalent cautious mood around the equity markets, which should further help limit losses for the Greenback and contribute to capping the upside for the AUD/USD pair.
Market participants might also refrain from placing aggressive bets ahead of next week's Reserve Bank of Australia monetary policy meeting. In the meantime, traders on Friday will take cues from the US ISM Services PMI, due for release later during the early North American session. This, along with the US bond yields and the risk sentiment, will drive the USD demand and produce short-term trading opportunities around the AUD/USD pair.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AUD/USD Price Analysis: Bulls eye a run to test key daily structureAUD/USD is up high in the broadening range on the monthly chart which leaves the bias to the downside, longer term. However, in the meanwhile, there a
Weiterlesen »
AUD/USD refreshes daily low, seems vulnerable near 0.6725-20 area amid bullish USDThe AUD/USD pair comes under some renewed selling pressure on Thursday and maintains its offered tone through the first half of the European session.
Weiterlesen »
AUD/USD recovers further from YTD low, steadily climbs to 0.6775-80 zone amid weaker USDAUD/USD recovers further from YTD low, steadily climbs to 0.6775-80 zone amid weaker USD – by hareshmenghani AUDUSD China Fed Recession Currencies
Weiterlesen »
AUD/USD grinds near mid-0.6700s as strong Treasury bond yields probe US Dollar weaknessAUD/USD grinds near mid-0.6700s as strong Treasury bond yields probe US Dollar weakness – by anilpanchal7 AUDUSD RiskAppetite YieldCurve China Currencies
Weiterlesen »
AUD/USD defends 0.6730 as upside looks capped for USD Index, yields extend gainsThe AUD/USD pair has demonstrated a buying interest after dropping to near 0.6730 in the Asian session. The Aussie asset is expected to turn sideways
Weiterlesen »
AUD/USD Price Analysis: Bears approach 0.6700 support confluenceAUD/USD holds lower grounds near the intraday bottom surrounding 0.6730, reversing the previous day’s gains heading into Thursday’s European session.
Weiterlesen »