AUD/USD: small rebound from 0.7450 amid USD profit-taking

On Tuesday the US Dollar Index rose strongly and tested last week’s highs on the back rising bond yields.  The 10-year US Treasury yield benchmark rose as high as 3.07% on Tuesday which is a level not seen since 2011. Some USD profit-taking is sparking a counter-trend move up in AUD/USD. The AUD/USD is trading […]

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