The Australian Dollar slipped to start this week after the US Dollar bounced on haven status and higher Treasury yields and bond spreads might impact further. Will AUD/USD?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Market Q4 Outlook: Gold, Oil, Stocks, US Dollar, Euro, Pound, Yen, BTC at Tipping Point $EURUSD $GBPUSD $USDJPY $XAUUSD $SPX $NDX...The Australian Dollar sunk on Monday morning after weekend news of an all-out assault by the terrorist group Hamas on Israel, opening up another theatre of war.for equities across Asia, Europe and North America later today.
The benchmark 10-year note eclipsed 4.88% on Friday, the highest return for the low-risk asset since 2007. It has since settled near 4.80%. Government bond spreads have historically seen fluctuating correlation to AUD/USD but the moves to start this week have moved aggressively in favour of the US Dollar.futures prices have opened higher on a combination of haven buying for the precious metals and possible supply constraints and increased demand for energy.
AUD/USD rejected a move below a descending trendline last week but overall remains in a descending trend channel.
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