AUD/USD longs were the top trade this week
Summary
By sueyangfx.com February 12, 2021 at 07:27PM Australian dollar up 1% on the week The US dollar was the laggard this week even though Treasury yields are at the post-pandemic highs. The softer CPI report and stringently dovish comments from […]
More On Forexlive RSS Breaking News Feed
- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
February 12, 2021 at 07:27PM
Australian dollar up 1% on the week
The US dollar was the laggard this week even though Treasury yields are at the post-pandemic highs.
The softer CPI report and stringently dovish comments from Powell were headwinds but there wasn’t a strong catalyst for dollar weakness and overall equity moves this week were moderate (outside of Asia anyway).