Author: finadmin

Australian Dollar flatlines as US yield ripples meet RBA hawks

The Australian Dollar is virtually unchanged against the US Dollar on Wednesday amid a light economic calendar, with the US Treasury’s announcement of a buyback for the September 10 auction boosting the Greenback. The AUD/USD trades at 0.7219, flat. AUD/USD stalls as higher yields and Hormuz risks offset RBA hawks Earlier, the US Treasury released […]

US Treasury yields rise after buyback announcement, long end climbs

US Treasury yields rise on Wednesday after the United States (US) Treasury Department announces plans to buy back $6 billion of longer-term government debt, three times the size of its usual operation. The yield on the benchmark 10-year US Treasury note rises to 4.85%, while the 30-year US Treasury bond yield gains to 5.30%. Further […]

Soft despite supportive fundamentals – ING

ING’s Chris Turner notes the Dollar has been unexpectedly soft despite higher energy prices and firm short-dated US rates ahead of the US August CPI and a likely 25bp Fed hike. He highlights strong equities and a fragile USD/JPY as key drags on the Dollar and does not expect DXY to break key support immediately, […]