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AUD/USD extends slide to 0 7700 as 10-year US T-bond yield climbs to new cycle highs

Mar 17, 2021 17:56 GMTFXStreet News AUD/USD continues to push lower during American trading hours. Surging US T-bond yields provide a boost to the USD. Focus shifts to FOMC’s policy announcements and dot plot. The AUD/USD pair remains under modest pressure in the second half of the day amid broad-based USD strength ahead of the FOMC event. As of writing, the pair was down 0.55% on a daily basis at 0.7701. US T-bond yields extend rally In the absence of significant fundamental drivers, the US Treasury bond yields continue to impact the greenback’s market valuation. Currently, the 10-year benchmark T-bond yield, which touched its highest level in nearly 13 months at 1.687%, is up 3.05% at 1.669% and the US Dollar Index is rising 0.13% at 91.99.

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