-
AUD/USD, USD/CHF: Aussie sinks, Swissy swims despite higher US interest rates
AUD/USD continues to wallow at multi-month lows, hindered by the relentless rise in US Treasury yields and disappointment towards China's latest stimulus measures. However, USD/CHF has managed to break the stranglehold of higher US rates, delivering a notable sell signal to start the trading week. Market drivers for AUD, CHF The chart below looks at the rolling 20-day correlation between AUD/USD on the left and USD/CHF on the right. The top three panes are identical being end-2025 Fed rate cut pricing based on futures in black with two and 10-year US Treasury yields in blue and red respectively. For AUD/USD, the ... (full story)