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AUD/USD Rebounds as Bond Yields Recover

From dailyfx.com

Another down week for the Australian Dollar has left the currency near its worst position since December 2020 versus the Greenback. The Aussie Dollar recorded a second consecutive week of broad losses against its major peer currencies, with AUD/USD, AUD/NZD, and AUD/JPY falling 0.52%, 0.16%, and 1.37%, respectively. Prices recovered marginally on Friday, along with government bond yields, but will the slide continue next week? The prevailing headwinds suggest the late-week recovery may not continue. A wave of Covid infections has swept through Australia, forcing policy makers to enact some of the toughest ... (full story)

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  • Category: Fundamental Analysis