Neutral
AUD/USD edges higher to 0.6990 amid mixed US PMIs and rising US bond yields.
In the past 24 hours, AUD/USD has seen modest gains, trading near 0.6990. This movement follows mixed US business activity data and rising US bond yields, which have influenced investor sentiment.
Key points
- US Manufacturing PMI eased to 53.8, missing expectations, while Services PMI surged to 53.6, exceeding forecasts.
- US 10-year Treasury yields rose to approximately 4.70%, the highest in over 18 months, following renewed hawkish expectations for the Federal Reserve.
- Former President Trump's new tariffs have introduced uncertainty, potentially dampening the US dollar's bullish momentum.
Sources
AI-generated from public news sources. Not financial advice.
