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EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data /
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2024-05-21 23:02:52

EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: AUD/USD Slides Below 0.6700 as US Treasury Yields Rise Amid Hawkish Fed Stance ...

AUD/USD Slides Below 0.6700 as US Treasury Yields Rise Amid Hawkish Fed Stance
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#acbb1c95 ver:0.79

The Australian Dollar (AUD) slides below 0.6700 against the US Dollar (USD) as US Treasury yields rise, overshadowing upbeat market sentiment. Focus now shifts to RBA meeting minutes and upcoming Fed speakers. AUD/USD has a neutral to upward bias, but a dip below 0.6667 could lead to a deeper pullback. Meanwhile, Fed officials delay rate cut hints, causing US Treasury bond yields to fall and the Greenback to remain flat. AUD/USD consolidates around 0.6600-0.6714, with momentum favoring an uptrend continuation. Resistance at 0.6728, support at 0.6600. #AUDUSD #forex...

#newstr #Aud/usd #FederalReserve #Rba #InterestRates

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