AUD/USD extends the drop amid US dollar’s rebound. Treasury yields drop on dovish Fed Powell, Biden’s plan unimpressive. US Retail Sales and Consumer Sentiment data eagerly awaited. AUD/USD is on a steady decline after facing rejection at 0.7800 in the overnight trades. The aussie tests 0.7750 amid the risk-off market mood, which aids the rebound in the safe-haven US dollar. The US dollar attempts a bounce ahead of the European open, recovering from the dovish take from the Fed Chairman Jerome Powell. Powell said in his speech Thursday that the time to raise interest rates is ‘no time soon’. The risk sentiment remains sour, as investors scrutinize President-elect Joe Biden’s $1.9 stimulus package proposal and weak US jobless claims, which has also helped put a bid under the greenback, weighing on the aussie. developing story … 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 Natural Gas Futures: Door open for further retracement FX Street 2 years AUD/USD extends the drop amid US dollar’s rebound. Treasury yields drop on dovish Fed Powell, Biden’s plan unimpressive. US Retail Sales and Consumer Sentiment data eagerly awaited. AUD/USD is on a steady decline after facing rejection at 0.7800 in the overnight trades. The aussie tests 0.7750 amid the risk-off market mood, which aids the rebound in the safe-haven US dollar. The US dollar attempts a bounce ahead of the European open, recovering from the dovish take from the Fed Chairman Jerome Powell. Powell said in his speech Thursday that the time to raise interest rates is 'no time soon'. … 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.
