• AUD/USD shed 30 pips in the last hour, as US T-bond yields rise amid risk-on market mood.
  • Broad US Dollar strength across the board weighs on the AUD/USD pair.
  • US Consumer Confidence rose more than expected by economists, the AUD/USD barely moved.

The AUD/USD barely advances during the New York session, is up 0.08%, trading at 0.7497 at the time of writing. Earlier in the day, the pair dipped to 0.7483, yet bounced off the daily lows to print a daily high at 0.7524, finally settling at current levels.

The market sentiment is upbeat due to robust US Q3 corporate earnings, with almost 81% of the S&P 500 companies reporting earnings, beating expectations. Additional factors like inflationary pressures and tightening monetary policy conditions remain in the backseat.

However, in the last hour, rising US T-bond yields seem to change the tone of risk-sensitive currencies, like the aussie dollar. The US 10-year Treasury yield is advancing 0.07%, sitting at 1.636%, putting a lid on the AUD/USD pair upbreak move above 0.7500. Also, the US Dollar Index reclaims the 94.00 level, up 0.18%, at press time. 

US mixed macroeconomic, ignored by AUD/USD traders

The US economic docket unveiled the US Housing Price Index for August (MoM) reading which rose by 1%, lower than the 1.3% foreseen. Further, the S&P/Case-Shiller Home Price Indices (YoY) expanded by 19.7% less than the 20.1% expected.

Further, US New Home Sales for September increased by 0.8M, better than the 0.76M estimated by analysts. The US Consumer Confidence for October improved to 113.8 versus 108.3 expected.

The AUD/USD pair reaction was muted, but as US T-bond yields started to rise, the pair shed 30 pips, trading at current levels.

Next ahead on the Australian economic docket, the RBA Trimmed Mean CPI for the Q3 is expected at 0.5%, while the Consumer Price Index for the same period is estimated to increase by 0.8%.



Today last price 0.7497
Today Daily Change 0.0006
Today Daily Change % 0.08
Today daily open 0.7491
Daily SMA20 0.7355
Daily SMA50 0.7321
Daily SMA100 0.7398
Daily SMA200 0.7562
Previous Daily High 0.7506
Previous Daily Low 0.7463
Previous Weekly High 0.7547
Previous Weekly Low 0.7378
Previous Monthly High 0.7478
Previous Monthly Low 0.717
Daily Fibonacci 38.2% 0.749
Daily Fibonacci 61.8% 0.7479
Daily Pivot Point S1 0.7467
Daily Pivot Point S2 0.7444
Daily Pivot Point S3 0.7424
Daily Pivot Point R1 0.751
Daily Pivot Point R2 0.753
Daily Pivot Point R3 0.7553



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD climbs above 1.1250 as investors eye coronavirus headlines

EUR/USD preserved its recovery momentum early Friday and rose above 1.1250 during the European trading hours. Markets are doubting the Fed's policy tightening prospects as the new coronavirus variant revives concerns over the economic recovery losing steam.


GBP/USD rebounds toward mid-1.3300s on broad dollar weakness

GBP/USD reversed its direction after dipping below 1.3300 earlier in the day and started to push higher toward 1.3350. The greenback is facing heavy selling pressure amid the sharp decline witnessed in the 10-year US Treasury bond yield.


Gold clings to strong gains above $1,800 as US T-bond yields plunge Premium

Gold staged a decisive rebound on Friday and reclaimed $1,800. The intense flight to safety is causing US Treasury bond yields to fall sharply and fueling XAU/USD's rally. Investors await news on vaccines' effectiveness against the new COVID variant.

Gold News

Cardano could tank to $1 if ADA fails to defend crucial support

Cardano price is currently hovering below a freshly shattered 6-hour demand zone, ranging from $1.68 to $1.79. This resulting crash could extend to the immediate and critical foothold at $1.40. 

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!