AUD/USD retreats from nearly two-week high, back below 0.6700 amid risk-off mood – by hareshmenghani AUDUSD RiskAppetite Fed Bonds Currencies
A fresh leg down in the equity markets helps the safe-haven US Dollar to bounce off the daily low and acts as a headwind for the risk-sensitive Australian Dollar. Despite multi-billion-dollar lifelines for troubled banks in the US and Europe, investors remain worried about widespread contagion and the possibility of a full-blown global banking crisis. This, along with looming recession fears, takes its toll on the global risk sentiment and drives some haven flows towards the Greenback.
That said, declining US Treasury bond yields continue to weigh on the USD and remain supportive of the intraday bid tone surrounding the AUD/USD pair. Against the backdrop of the global flight to safety, expectations that thewill adopt a less hawkish stance amid the worsening economic conditions drag the US bond yields lower. In fact, the markets are now pricing in a greater chance of a smaller 25 bps rate hike at the upcoming FOMC policy meeting on March 21-22.
This comes on the back of last week's collapse of two mid-size US banks - Silicon Valley Bank and Signature Bank - and warrants some caution for the USD bulls. Traders, however, might prefer to move to the sidelines ahead of next week's key central bank event risk.
Next on tap is the release of the Michigan US Consumer Sentiment Index. This, along with the US bond yields and the broader risk sentiment, might influence the USD price dynamics and provide some impetus to the AUD/USD pair. Nevertheless, spot prices manage to hold in the positive territory for the second successive day and remain on track to end the week on a positive note, reversing a major part of last week's losses to its lowest level since November 2022.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AUD/USD Price Analysis: Any recovery remains elusive below 0.6705AUD/USD pares the biggest daily loss in a week amid sluggish markets, retreats from daily high of late. Bearish MACD signals, steady RSI suggests a c
Leer más »
AUD/USD sticks to modest intraday gains just below mid-0.6600s, lacks bullish convictionAUD/USD sticks to modest intraday gains just below mid-0.6600s, lacks bullish conviction – by hareshmenghani AUDUSD Employment RiskAversion Fed Currencies
Leer más »
AUD/USD Price Analysis: Bulls are fending off the bears below 200 DMAAt the time of writing, AUD/USD is up 0.6% on the day and has traveled from a low of 0.6606 to a high of 0.6668 so far. While pressured below the 200-
Leer más »
AUD/USD struggles to hold above 0.6600 as risk aversion dominatesAUD/USD struggles to hold above 0.6600 as risk aversion dominates – by HCetinbudaklar AUDUSD Currencies Technical Analysis RiskAversion Australia
Leer más »
When is the Australian employment report and how could it affect AUD/USD?February month employment statistics from the Australian Bureau of Statistics, up for publishing at 00:30 GMT on Thursday, will be the immediate catal
Leer más »
Breaking: AUD/USD recued on positive Aussie jobs reportThe Employment data for Australia has been released by the Australian Bureau of Statistics as follows: Australia Employment Change Feb: 64.6K (est 50
Leer más »