Australian Dollar Forecast: Dovish RBA to Counterbalance Robust Chinese GDP Print dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Australian Dollar Risks Wilting if Fed Remains Sanguine on Treasury Yields 2021-03-13 00:00:00 Daniel Dubrovsky, Strategist
Australian Dollar Fundamental Forecast: Neutral
All eyes turn to Fed as markets eye their take on bond market
Aussie may focus on Treasury yields, looking past jobs data
The sentiment-linked Australian Dollar spent most of last week aiming higher following a fairly choppy period against the US Dollar. All eyes were and will likely continue being on elevated longer-term Treasury yields, where rates of return on the 10-year appear competitive compared to the dividend yield from the S&P 500. As bonds stabilized following softer core US CPI data, Wall Street regained upside momentum, along with AUD.
The Australian Dollar resumed its uptrend as traders betted on a gradual economic recovery from the coronavirus. Will Fed Chair Jerome Powell be asked about rising Treasury yields?
Australian Dollar Outlook: Uptrend Resuming as Global Recovery Bets Follow? menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Australian Dollar Outlook: Uptrend Resuming as Global Recovery Bets Follow? menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.