AUD/USD advanced to a fresh weekly high on Thursday. US Dollar Index continues to push lower toward mid-91.00s. Consumer Inflation Expectations in Australia rose to 4.1% in March. The AUD/USD pair closed the previous two trading days in the positive territory and preserved its bullish momentum on Thursday. As of writing, the pair was trading at fresh weekly highs at 0.7775, gaining 0.52% on a daily basis. Slumping US T-bond yields hurt USD The broad-based selling pressure surrounding the greenback and the risk-positive market environment allow AUD/USD to continue to push higher. The decent demand seen at Wednesday’s 10-year US Treasury note auction triggered a sharp decline in the US T-bond yields and put the greenback under strong bearish pressure in the second half of the week. At the moment, the US Dollar Index is losing 0.27% at 91.55, while the yield on the 10-year reference is down 2%. On the other hand, the risk rally, as reflected by the strong performance of major European equity indexes and the 0.7% increase in the S&P 500 Futures, is helping the AUD outperform its rivals. Later in the session, the US Department of Labor’s weekly Initial Jobless Claims reports and the US Bureau of Labor Statistics’ JOLTS Job Openings data from the US will be featured in the US economic docket. Earlier in the day, the data from Australia showed that Consumer Inflation Expectations in March rose to 4.1% from 3.7% in February. Although this reading came in higher than the market expectation of 3.5%, it failed to trigger a significant market reaction. 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 EUR/USD: Upbeat market mood and optimism about the ECB unlikely to extend into another rally FX Street 1 year AUD/USD advanced to a fresh weekly high on Thursday. US Dollar Index continues to push lower toward mid-91.00s. Consumer Inflation Expectations in Australia rose to 4.1% in March. The AUD/USD pair closed the previous two trading days in the positive territory and preserved its bullish momentum on Thursday. As of writing, the pair was trading at fresh weekly highs at 0.7775, gaining 0.52% on a daily basis. Slumping US T-bond yields hurt USD The broad-based selling pressure surrounding the greenback and the risk-positive market environment allow AUD/USD to continue to push higher. The decent demand seen at Wednesday's 10-year… 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.