The risk-sensitive Australian Dollar fell nearly 1% against the US Dollar as recession bets rose overnight. Asia-Pacific traders may trade cautiously ahead of tomorrow’s US jobs report.

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USD/CAD may attempt to retrace the decline from the yearly high (1.3978) as it reverses ahead of the 50-Day SMA (1.3248).

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The S&P 500 extends the Fed-induced sell-off on Thursday as traders bet that the central bank’s terminal rate will have to drift higher to slow inflation despite mounting recession risks.

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Bitcoin prices have bounced back after a temporary retest of $20039. With rising US yields and a strong USD driving sentiment, how long can the range hold?

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US Treasury yields are pushing higher as the Fed says rates need to go higher than previously expected.

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