Bulls target YTD high after breakout

The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department’s announcement of a bond buyback for the long end of the curve. The AUD/USD trades at 0.7170, after rebounding near 0.7067. AUD/USD Price Forecast: […]

US Treasury yields extend rebound as Services PMI beats estimates

US Treasury yields continue their recovery following the announcement of a bond buyback by the US Department of the Treasury, while data reveal that business activity remains solid despite a slowdown in manufacturing. Yields rise as strong services activity offsets Treasury buyback support US Treasury yields across the whole curve rose, with the 2-year Treasury […]

Bessent says US unlikely to resume large-scale Iran combat, steps up economic pressure

US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC reported on Thursday. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale […]