AUD/USD approaches 0.7500 to renew 2022 peak amid mixed concerns over Ukraine, strong yields By anilpanchal7 AUDUSD RiskAppetite YieldCurve Ukraine Currencies
AUD/USD led G10 currency pair gainers by refreshing yearly top, trading sidelined of late.
AUD/USD bulls cheered firmer equities and softer greenback to refresh 2022 high around 0.7075 during early Wednesday morning in Asia. The US 10-year and 2-year Treasury yields rose to the highest since May 2019 as the Fedspeak keeps inflating expectations of faster rate hikes from the US central bank. Among them, St Louis Fed President, James Bullard and Cleveland On the other hand, Reserve Bank of Australia reiterated his dislike for aggression towards rate hikes by saying, “ will not respond until there is evidence of pervasive price pressures.
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