AUD/USD renews 2.5-year low near 0.6250 as DXY traces firmer yields amid hawkish Fed bets – by anilpanchal7 AUDUSD RiskAppetite RBA Fed YieldCurve
Mixed Aussie data, Australian Treasurer fail to trigger corrective bounce as yields underpin DXY.Fed Minutes, US inflation will be eyed closely as traders are more concerned with the RBA vs. Fed divergence.
US Dollar Index prints 0.16% intraday gains as it prints a five-day uptrend near 113.40. That said, the US 30-year Treasury yields rise to a fresh high since January 2014 whereas the 10-year counterpart poke the 4.0% threshold. Also portraying the risk aversion is the S&P 500 Futures that drop 0.50% as bears lean towards the monthly low.
Talking about the Aussie statistics, the National Australia Bank’s Business Conditions improved to 25 during September from 18 expected and 20 prior but the Business Confidence gauge matched the downbeat market forecasts of 5 versus 10 previous. Earlier in the day, Westpac Consumer Confidence dropped to -0.9% for October versus 3.9% prior.
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