AUD/USD eyes to regain 0.7350 as Ukraine crisis propels commodities on supply crunch fears By anilpanchal7 AUDUSD
Aussie pair’s latest rebound could be linked to the firmer commodity prices, as well as recently upbeat sentiment data from home.
It’s worth noting that the escalating fears of a devastating impact on the global supply chain, due to the Ukraine-Russia stand-off recently propelled commodities and Antipodeans. That said, therallied to Gold rallied to a 19-month high whereas WTI crude oil rallied to the levels last seen during 2008 the previous day. Also cheering the supply fears are the nickel buyers as the metal refreshed an all-time high of around $50,550 on the London Metal Exchange .
Amid these plays, the US 10-year Treasury yields extend the previous day’s rebound from two-month to 1.77% up 2.5 basis points at the latest. However, Japan’s Nikkei 225 drops more than 1.0% by the press time whereas the S&P 500 Futures decline 0.30% at the latest.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD knocking on the door of 0.7400AUD/USD was up by some 0.6% by the close on Friday after rallying from a low of 0.7300 to a high of 0.7380 on the approach to 0.7400. Supporting the A
Read more »
AUD/USD Forex Signal: More Upside as Commodity Prices JumpThe $AUDUSD pair has defied gravity in the past few days as global commodities rise.
Read more »
Palladium Price News: XPD/USD prints record top near $3,050 as Ukraine crisis propels commoditiesPalladium Price News: XPD/USD prints record top near $3,050 as Ukraine crisis propels commodities By anilpanchal7 Palladium RiskAppetite Commodities RussianFederation Ukraine
Read more »
AUD/USD renews four-month high above 0.7400 amid inflation, Ukraine fearsAUD/USD bulls keep reins at the highest levels since November 2021, despite recently making rounds to 0.7440 of late, as the ongoing Russia-Ukraine ji
Read more »
NZD/USD eyes 0.7000 as intensifying Russia-Ukraine fears underpin commodity pricesNZD/USD eyes on 0.7000 as intensifying Russia-Ukraine fears underpin commodity prices By Sagar_Dua24 NZDUSD DollarIndex InterestRate Inflation Ukraine
Read more »
AUD/USD: Pullback towards 0.7300 in sync with commodity prices, Lowe speech eyedAUD/USD: Pullback towards 0.7300 in sync with commodity prices, Lowe speech eyed By Sagar_Dua24 AUDUSD DollarIndex Ukraine Inflation InterestRate
Read more »