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  • Dollar firms after U.S. yield spike; yen continues march lower
    Reuters

    Dollar firms after U.S. yield spike; yen continues march lower

    The U.S. dollar held gains Thursday after rebounding overnight from three-year lows following a spike in U.S. bond yields. The yen, which tends to weaken when U.S. yields rise, slid to a fresh six-month low versus the greenback. Government bonds, and particularly U.S. Treasuries, have become the focal point of markets globally, which have aggressively moved to price in earlier monetary tightening than signalled by the Federal Reserve and its peers.

  • Reuters

    FOREX-Dollar firms after U.S. yield spike; yen continues march lower

    * Rise in yields globally spark inflation fears * Cryptocurrencies slide as risk appetite sours * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Kevin Buckland TOKYO, Feb 26 (Reuters) - The U.S. dollar held gains Thursday after rebounding overnight from three-year lows following a spike in U.S. bond yields. The yen, which tends to weaken when U.S. yields rise, slid to a fresh six-month low versus the greenback. Government bonds, and particularly U.S. Treasuries, have become the focal point of markets globally, which have aggressively moved to price in earlier monetary tightening than signalled by the Federal Reserve and its peers.

  • AUD/USD Forecast: In A Corrective Decline, Further Slides Expected Once Below 0.7865
    Benzinga

    AUD/USD Forecast: In A Corrective Decline, Further Slides Expected Once Below 0.7865

    AUD/USD Current Price: 0.7914 Risk-related sentiment saw AUD/USD swing between a 140 pips range. Australian macroeconomic data keeps surpassing the market’s expectations. AUD/USD is in a corrective decline, further slides expected once below 0.7865. The AUD/USD pair hit 0.8006, a three-year high, retreating afterwards to plummet alongside Wall Street to 0.7872. The pair started the day with a strong footing as risk appetite weighed on the greenback, but the latter got an unexpected boost from a Treasury auction which sent yields to fresh highs and equities into the deep red. Earlier in the day, Australia published Q4 Private Capital Expenditure, which resulted at 3%, much better than the previous -3% and largely above the 0% expected. This Friday, the country will release January Private Sector Credit. AUD/USD Short-Term Technical Outlook The AUD/USD pair is currently trading in the 0.7910 price zone, and the near-term picture suggests the decline may continue heading into the weekend. The 4-hour chart shows that the pair is below its 20 SMA while technical indicators extend their declines, entering negative levels. A steeper decline is to be expected on a break below 0.7865, the immediate support level. Support levels: 0.7865 0.7820 0.7770 Resistance levels: 0.7920 0.7965 0.8005 View Live Chart for the AUD/USD See more from BenzingaClick here for options trades from BenzingaEUR/USD Forecast: Retreats From Fresh 2021 Highs, Holds Above Critical Fibonacci LevelAUD/USD Forecast: Could Correct Lower In The Near-Term Due To Some Fresh Divergences© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.