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FX Analysis – Treasury Yield surge Pushes USD Higher, AUD Outperforms on Hot Jobs Report
The US Dollar was firmer Thursday, continuing its bounce from extreme oversold levels, the DXY peaking at 100.97, just short of the major resistance at the big 101 figure. A much lower than expected initial jobless claims figure saw a jump in US treasury yields, propelling the USD higher with the DXY having it biggest up day since May. chart AUD was the G10 outperformer, holding its own against the resurgent USD and easily outperforming its peers. A hot jobs report where employment increased 32.6k vs an expected 15.4k and an unexpected fall in the unemployment rate, saw odds of a RBA rate hike next month jump to ... (full story)