AUD/USD lost its traction after edging higher in Asian session. US Dollar Index clings to modest daily gains above 93.00. Surging US Treasury bond yields provide a boost to greenback. After closing the first trading day of the week with small losses, the AUD/USD pair staged a rebound during the Asian session and touched a weekly high of 0.7663. However, the renewed USD strength forced the pair to reverse its course. As of writing, AUD/USD was virtually unchanged on a daily basis at 0.7630. USD gathers strength on surging US T-bond yields Earlier in the day, the upbeat market mood, as reflected by modest gains posted by the major Asian equity indexes, helped the AUD find demand. On the other hand, the US Treasury bond yields’ performance continues to impact the USD’s market valuation in the absence of significant fundamental drivers. On Monday, the 10-year US Treasury bond yield gained more than 2% and preserved its bullish momentum to touch its highest level since January 2020 at 1.774%. Currently, the 10-year US T-bond yield is up 3.12% on the day at 1.769 and the US Dollar Index is trading at fresh multi-month highs at 93.21, rising 0.2%. Later in the session, the Conference Board’s Consumer Confidence Index data from the US will be looked upon for fresh impetus. Additionally, the US Federal Reserve’s Vice Chairman for Supervision, Randal Quarles, and Federal Reserve Bank of New York President John Williams will be delivering speeches. 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/GBP: Break below 0.8520 to expose the 0.8284/39 support zone – Credit Suisse FX Street 1 year AUD/USD lost its traction after edging higher in Asian session. US Dollar Index clings to modest daily gains above 93.00. Surging US Treasury bond yields provide a boost to greenback. After closing the first trading day of the week with small losses, the AUD/USD pair staged a rebound during the Asian session and touched a weekly high of 0.7663. However, the renewed USD strength forced the pair to reverse its course. As of writing, AUD/USD was virtually unchanged on a daily basis at 0.7630. USD gathers strength on surging US T-bond yields Earlier in the day, the upbeat market mood,… 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.