<p style=““ class=“text-align-justify“>The dollar is moving higher amid the backdrop of <a target=“_blank“ href=“https://www.forexlive.com/news/equities-dribble-lower-ahead-of-north-american-trading-20230224/“ target=“_blank“ rel=“follow“>struggling equities</a> and also as Treasury yields nudge higher. 10-year yields in the US are now at the highs for the day, up 2.3 bps, to 3.904% and that is keeping the greenback underpinned.</p><p style=““ class=“text-align-justify“>We’re seeing fresh highs now for the dollar all across the board and in my view, USD/JPY and AUD/USD are two big charts to watch. The former is up 0.5% to 135.43 – its highest levels in a little over two months:</p><p style=““ class=“text-align-justify“>Buyers have been huffing and puffing to try and find a breakthrough above 135.00 and they might get their just rewards today.</p><p style=““ class=“text-align-justify“>Meanwhile, AUD/USD is starting to see a stronger downside momentum build as it trades to its lowest levels in seven weeks. The series of technical support levels outlined <a target=“_blank“ href=“https://www.forexlive.com/news/audusd-is-starting-to-see-support-lines-crack-under-the-dollar-pressure-20230224/“ target=“_blank“ rel=“follow“>here</a> are all giving way at the moment as the pair drops by 0.7% to 0.6765:</p>
This article was written by Justin Low at www.forexlive.com.
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