A higher 10-year yield premium of the US Treasuries over Australian sovereign bonds has reduced the attractiveness of the Aussie dollar as a “high-yielding” currency. Deflationary risk in China coupled with potential higher trade tariffs policy from the US has reinforced recent languish movements in the Iron Ore CFR China futures. Major bearish breakdown in […]
The post AUD/USD: Aussie Bears Have Taken a Foothold Reinforced by Longer-Term US Treasury Yield Premiums appeared first on Action Forex.
