Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA
The US dollar is facing downward pressure with both Treasury yields and crude oil prices on the decline. Meanwhile, the Australian dollar is nearing a three-week high, buoyed by supportive remarks from Reserve Bank of Australia Deputy Governor Andrew Hauser. Wall Street had a robust session as technology earnings began with results from SpaceX.
Key Takeaways
- The US dollar is facing downward pressure with both Treasury yields and crude oil prices on the decline.
- Meanwhile, the Australian dollar is nearing a three-week high, buoyed by supportive remarks from Reserve Bank of Australia Deputy Governor Andrew Hauser.
- Wall Street had a robust session as technology earnings began with results from SpaceX.
The US dollar is facing downward pressure with both Treasury yields and crude oil prices on the decline. Meanwhile, the Australian dollar is nearing a three-week high, buoyed by supportive remarks from Reserve Bank of Australia Deputy Governor Andrew Hauser. Wall Street had a robust session as technology earnings began with results from SpaceX.
Original Publisher Attribution
This summary was curated from Economic Times.