Commodity currencies hit fresh lows on broad USD bid
Read full post at forexlive.com
Treasury yields near the highs of the day
US equities are bouncing but other markets aren’t buying it.
The commodity currencies are at the lows of the day, with USD/CAD breaking 1.27 and AUD/USD nearing 0.7700.
The moves come as a broad USD bid develops. US 5-year yields are now up 0.2 bps on the day at 0.82% and just off the session high of 0.83%.
AUD/USD is now down nearly 2% in an emphatic rejection of 80-cents.