Due to the strength in the greenback, AUD/USD ended Friday lower by 0.6% testing the 0.77 level after falling from a high of 0.7775 to a low of 0.7688. All in all, markets ended the week in a consolidative mode as investors look ahead to the Federal Reserve interest rate decision this week after digesting the European central bank, the Bank of Canada and US Consumer prices last week. The yield on the US 10-yr note moved higher by 2bps to 1.45% after stocks climbed on the University of Michigan preliminary consumer sentiment reading for May that rose to 86.4 vs 82.9. However, inflation expectation eased, which will be ... (full story)