AUD/USD stays defensive above 0.7500 as Australia bond yields ease from eight-year high

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AUD/USD stays defensive above 0.7500 as Australia bond yields ease from eight-year high
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AUD/USD stays defensive above 0.7500 as Australia bond yields ease from eight-year high By anilpanchal7 AUDUSD RiskAppetite Ukraine YieldCurve Currencies

Aussie 3-year bond yields rose to the highest since 2014, US counterpart pokes January 2019 peak.Lack of major data/events can restrict market moves during the NFP week, China’s PMI will be important too.

Not only the Treasury bond yields but geopolitical fears and challenges emanating from China also test the AUD/USD prices. Alternatively, firmerand the Reserve Bank of Australia’s repeated rejection of the rate-hikes keep the pair buyers hopeful. Elsewhere, fears that Russia and Ukraine will have another endless week of negotiations, as well as sustained invasion of Kyiv by Moscow, challenge the AUD/USD bulls. On the same line are the latest coronavirus updates from China suggesting lockdowns in Shanghai.

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