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AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms
2021-05-18 23:00:00
Thomas Westwater,
Analyst
Wall Street, Australian Dollar, Westpac Consumer Confidence, AUD/USD - Talking Points
Asia-Pacific markets face pressure after Wall Street losses
Market eyes Australia’s Westpac Consumer Confidence
AUD/USD faces psychological resistance as pair moves higher
Wednesday’s Asia-Pacific Outlook
Asia-Pacific markets may pull back from gains seen on Tuesday following a shaky session on wall Street. The S&P 500 index led losses among the major indexes, while the VIX “fear gauge” rose above the 20 handle. The 10-year benchmark Treasury yield saw mild buying, pushing the note’s yield down near a full percentage point.