Apr 13, 2021 19:46 GMTFXStreet News
AUD/USD preserves its bullish momentum during the American session.
Falling Treasury bond yields continue to weigh on the greenback.
US Dollar Index drops to fresh three-week lows below 92.00.
The AUD/USD pair dropped below 0.7600 ahead of the American session but staged an impressive rebound in the second half of the day. As of writing, the pair was up 0.22% on a daily basis at 0.7639.
USD selloff picks up steam after CPI data
During the European trading hours, the cautious market mood and the broad-based USD strength amid rising US T-bond yields weighed on AUD/USD. However, the greenback came under strong pressure after the monthly data published by the US Bureau of Labor Statistics revealed that the inflation increase in March was not as significant as speculated.