AUD/USD is falling sharply ahead of key US events. US Dollar Index pushes higher above 92.00 despite falling US T-bond yields. Risk-averse market environment is providing a boost to the USD. The AUD/USD pair closed the first day of the week in the positive territory but came under strong bearish pressure on Tuesday. As of writing, the pair was trading at its lowest level in two weeks at 0.7667, losing 1% on a daily basis. DXY leaps above 92.00 on safe-haven flows The broad-based USD strength seems to be weighing on AUD/USD. The US Dollar Index (DXY) is currently rising 0.45% at 92.14 despite a 3.75% decline witnessed in the benchmark 10-year US Treasury bond yields. The risk-averse market environment, as reflected by slumping global equity indexes, is helping the greenback outperform its rivals as a safe-haven. Later in the session, Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen will be testifying before Congress on the government’s response to the pandemic. Additionally, St. Louis Fed President James Bullard Federal Reserve Bank of Atlanta President Raphael Bostic will be delivering speeches on the state of the economy. Meanwhile, investors will keep a close eye on the performance of Wall Street’s main indexes. Currently, the S&P 500 Futures are down 0.4% on the day and a sharp retreat in the US stocks could allow the greenback to preserve its strength in the second half of the day. On Wednesday, the Commonwealth Bank’s Manufacturing and Services PMI reports from Australia will be looked upon for fresh impetus. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next OKEx Korea shutting doors in April as Bitcoin eyes a gigantic technical breakout FX Street 1 year AUD/USD is falling sharply ahead of key US events. US Dollar Index pushes higher above 92.00 despite falling US T-bond yields. Risk-averse market environment is providing a boost to the USD. The AUD/USD pair closed the first day of the week in the positive territory but came under strong bearish pressure on Tuesday. As of writing, the pair was trading at its lowest level in two weeks at 0.7667, losing 1% on a daily basis. DXY leaps above 92.00 on safe-haven flows The broad-based USD strength seems to be weighing on AUD/USD. The US Dollar Index (DXY) is currently rising… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.