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 AUD/USD with next medium-term support at 0.6030/5990.
This is a follow-up analysis of our prior report “AUD/USD: Surviving at the 0.6360 k
13-01-2025 06:42 GMT
by Kelvin Wong