Australian Dollar Sinks Despite RBA Scrapping Bond Yield Target, Where to for AUD/USD

The Australian Dollar weakened immediately after the RBA scrapped its April 2024 bond yield target, but kept rate hike bets in check. Can AUD/USD break lower?

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Australian Dollar Sinks Despite RBA Scrapping Bond Yield Target, Where to for AUD/USD

The Australian Dollar weakened immediately after the RBA scrapped its April 2024 bond yield target, but kept rate hike bets in check. Can AUD/USD break lower?

from DailyFX – Market News https://bit.ly/2Y7gHSl
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Nasdaq 100 Gains, ASX 200 Faces RBA Rate Decision as Australian Bond Yields Surge

The Nasdaq 100 gained on Wall Street, setting a rosy tone for Asia Pacific trade. Still, the ASX 200 is facing the RBA rate decision, producing volatility risk after surging bond yields.

from DailyFX – Market News https://bit.ly/3myRRUD
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S&P 500 Scrapes Small Gain, but Russell 2000 Comes Alive and Explodes Higher

The S&P 500 began the week with no clear direction, but the Russell 2000 exploded higher and came within striking distance of its record high amid accelerating rotation into small and mid-caps

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