Australian Dollar ticks up from intra-week lows with all eyes on Fed minutes

The Australian Dollar (AUD)has bounced up from intra-week lows against the US Dollar (USD) on Friday, although the daily chart remains negative. The AUD/USD pair struggles to regain a previous support area above 0.7080 at the time of writing, after finding support at the 0.7065 area earlier on the day. The Greenback is giving away […]

Euro: Extends rebound as yields stabilize against US Dollar

Danske Research Team notes that EUR/USD has extended its rebound towards 1.1600 as European yields remain elevated while US Treasury yields stabilize after the recent spike. The team argues markets are pricing too many ECB rate hikes, suggesting scope for European rates to move lower, while upcoming FOMC Minutes remain the key catalyst for further […]