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AUD/USD bears attack yearly low near 0 7450 on RBA s Lowe

7/8/2021 2:40:31 AM GMT | By Anil Panchal AUD/USD refreshes weekly bottom following mixed comments from RBA Governor Lowe. RBA’s Lowe expects it will take until 2024 for inflation to be sustainably within the 2-3% range. US dollar strength, risk-off mood favor bears, covid woes are the key. US Jobless Claims, qualitative catalysts should be watched for fresh direction. AUD/USD remains on the back foot for the third consecutive day, down 0.38% intraday around 0.7455, as RBA Governor Philip Lowe exerts additional downside pressure on the quote during early Thursday. In doing so, the pair refreshes weekly low, on the way to yearly trough, as the covid woes also heavy the pair.

US 10-year Treasury yields bounce off five-month low amid covid concerns

7/8/2021 4:28:51 AM GMT | By Anil Panchal US T-bond yields steady around multi-day low, two-day downtrend probed. UK registers highest infections since January, Thailand marks record virus-led deaths. FOMC minutes reiterate cautious optimism, Fed’s Bostic cites Delta variant risk for US economy. ECB Special Meeting, US Jobless Claims to decorate calendar but risk catalysts are the key. US bond bears test the recent two-day south-run around late February lows ahead of Thursday’s European session. That said, the 10-year coupon seesaws around 1.3200% following its drop to 1.2980, the lowest since February 19, the previous day. The US Fed policymakers’ efforts to reject rate hike, backed by the latest FOMC minutes, as well as softer US data, earlier weighed on the Treasury yields. However, escalating concerns over the coronavirus (COVID-19) and its variants recently put a safe-haven bid under the bond rates.

Growth worries, Chinese tech rout drag Wall Street lower - Netscape Money & Business

Growth worries, Chinese tech rout drag Wall Street lower - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Growth worries, Chinese tech rout drag Wall Street lower

Growth worries, Chinese tech rout drag Wall Street lower
oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.

Growth worries, Chinese tech rout drag Wall Street lower; Dow tanks 500 pts

Growth worries, Chinese tech rout drag Wall Street lower; Dow tanks 500 pts
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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