AUD/USD reverses an early dip to 0.7100 area, upside seems capped amid stronger USD By HareshMenghani AUDUSD Bonds Fed RiskAppetite Currencies
Following the previous day's brief pause, the US dollar was back in demand on Tuesday and is now looking to build on the post-NFP recovery from a two-and-half week low. This, in turn, was seen as a key factor that prompted some intraday selling around the AUD/USD pair, though the early downtick found support ahead of the 0.7100 mark.
The USD drew support from a fresh leg up in the US Treasury bond yields, bolstered by the prospects for a faster policy tightening by the. In fact, the markets have been pricing in the possibility of a full 50 bps rate hike at the March FOMC policy meeting, which, in turn, pushed the US bond yields higher and underpinned the greenback.
That said, a recovery in the global risk sentiment – as depicted by a positive tone around the equity markets – extended some support to the perceived riskier aussie. Traders also seemed reluctant to place aggressive bets and might prefer to wait on the sidelines ahead of Thursday's release of the latest US consumer inflation figures.
In the meantime, the US bond yields will continue to play a key role in influencing the USD price dynamics amid absent relevant market moving economic releases. This, along with the broader market risk sentiment, could provide some impetus to the AUD/USD pair and allow traders to grab some short-term opportunities.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
AUD/USD buyers await China’s return below 0.7100AUD/USD retreats from an intraday high near 0.7085 during the inactive early Asian session on Monday. The Aussie pair snapped a two-week downtrend by
Consulte Mais informação »
AUD/USD recovers 0.7100 after Friday’s slideThe AUD/USD is trading at daily highs at 0.7116. It has been moving all day with a positive bias supported, recovering after falling sharply on Friday
Consulte Mais informação »
AUD/USD sellers attack 0.7100 on trade/political fears, upbeat US Treasury yieldsAUD/USD sellers attack 0.7100 on trade/political fears, upbeat US Treasury yields By anilpanchal7 AUDUSD RiskAppetite TradeWar YieldCurve Politics
Consulte Mais informação »
AUD/USD to alleviate downside pressure on acceptance above 0.7200/50 – OCBCAUD/USD dipped sharply on Friday, leaving the bounce off 0.7000 looking like it has topped off. The aussie needs to surpass the 0.7200/50 zone to to s
Consulte Mais informação »
AUD/USD Weekly Forecast: Lower lows in sight amid RBA’s stubborn dovishnessThe AUDUSD pair is ending the week at 0.7070 after gains partially recovering the ground shed in January. The advance seems corrective from a technical point of view, though, and without data to stimulate AUD buying, the pair may soon turn back south.
Consulte Mais informação »
USD/IDR could extend the upside above 14,405 – UOBIn opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR could edge higher and surpass the 14,405 level. Key Quotes “A
Consulte Mais informação »