AUD/USD turns south once again, dropping below 0.7850, as the safe-haven US dollar regains ground across the board amid the downbeat market mood. Sliding US Treasury yields spook markets and weigh negatively on the stocks.
Having conquered a two-month-old support line, now resistance, Ethererum bears are catching breather around $1,520 during the early Friday’s trading. In doing so, the ETH/USD pair bounces off 50-day SMA.
Gold trades marginally higher in Asia as US yields decline. The minor bounce could be associated with the US 10-year Treasury yield's pullback from the 12-month high of 1.55% to 1.5%. Gold's 15-minute chart shows a bullish divergence of the RSI.
USD/JPY drops below 106.00, extending correction from five-month tops of 106.43. The US dollar stalls its recovery mode and turns south once again, dragged down by the sell-off in the Treasury yields across the curve.
The DXY's recovery rally from the seven-week low of 89.68 reached early Thursday has stalled, with the US 10-year Treasury yield retreating from the 12-month high of 1.55% to 1.49%. As such, stocks came under pressure on Thursday, boosting haven demand for the greenback.