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CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Wednesday despite the lackluster cues overnight from Wall Street. The markets continue to be optimism about higher fiscal stimulus
3/3/2021 7:52:41 PM GMT AUD/USD Current Price: 0.7787 Australian Q4 Gross Domestic Product came in at 3.1% QoQ, better than expected. Wall Street’s poor performance and rising US Treasury yields weighed on the pair. AUD/USD is neutral in the near-term, bulls can build once above 0.7840. The AUD/USD pair trades around the 0.7800 level ahead of the Asian opening, little changed on a daily basis. During US trading hours, the pair fell to 0.7770 as the greenback got an intraday boost from rising US Treasury yields, while the aussie fell alongside equities, as Wall Street fell at the opening, la...
Mar 2, 2021 18:12 GMTFXStreet News AUD/USD clings to daily gains above 0.7800 on renewed USD weakness. US Dollar Index drops below 91.00 as 10-year T-bond yield turns red. Mixed macroeconomic data releases from US failed to trigger a market reaction. The AUD/USD pair broke above 0.7800 during the European trading hours and stayed relatively quiet before starting to push higher in the American session. As of writing, the pair was trading at a fresh daily high of 0.7820, rising 0.66% on a daily basis. DXY loses traction as T-bond yields edge lower The renewed USD strength seems to be helping AU...
Last week, Robert Jenrick, the housing minister, announced a new industry wide levy and tax to "contribute to righting the wrongs of the past". Rightly or wrongly, the development...
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