AUD/USD seems to have gone into a consolidation phase on Wednesday. US Dollar Index posts modest daily gains above 92.00. 10-year US Treasury bond yield is up more than 2%. The AUD/USD pair capitalized on the broad-based USD weakness on Tuesday and gained more than 50 pips. With investors remaining on the sidelines ahead of key macroeconomic events, the pair is posting modest daily losses at 0.7705. Focus shifts to 10-year US Treasury note auction Later in the session, the Consumer Price Index (CPI) data from the US will be watched closely by market participants. More importantly, the outcome of the 10-year US Treasury note auction at 1800 GMT will be the key event of the day as US T-bond yields remain the primary driver of the USD’s performance against its rivals. At the moment, the US Dollar Index is up 0.12% on the day at 92.05 and the benchmark 10-year T-bond yield is up 2.4% at 1.565%. Meanwhile, the S&P 500 Futures are little changed on the day, suggesting that Wall Street’s main indexes are likely to start the day in a quiet manner. Earlier in the day, Reserve Bank of Australia’s (RBA) Governor Phillip Lowe noted that they are considering extending the bond purchase programme, making it difficult for the AUD to build on Tuesday’s gains. On Thursday, the Consumer Inflation Expectations data 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 US: Annual Core CPI edges lower to 1.3% in February vs. 1.4% expected FX Street 1 year AUD/USD seems to have gone into a consolidation phase on Wednesday. US Dollar Index posts modest daily gains above 92.00. 10-year US Treasury bond yield is up more than 2%. The AUD/USD pair capitalized on the broad-based USD weakness on Tuesday and gained more than 50 pips. With investors remaining on the sidelines ahead of key macroeconomic events, the pair is posting modest daily losses at 0.7705. Focus shifts to 10-year US Treasury note auction Later in the session, the Consumer Price Index (CPI) data from the US will be watched closely by market participants. More importantly, the outcome of… 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.
