The AUD/USD pair reaches a two-week high as the US Dollar weakens. Market sentiment is positive as US yields fall and the S&P 500 is expected to open on a bullish note. The Australian Dollar's movement will be influenced by China's inflation data for March.
AUD/USD climbs to 0.6635 as US Dollar dips amid upbeat market mood . US yields fell as Fed Goolsbee warns about risks to labor market if interest rates remain higher for longer. The Australian Dollar will be guided by China ’s inflation data for March. The AUD/USD pair prints a fresh two-week high at 0.6635 in the early American session on Tuesday. The Aussie asset strengthens as the US Dollar extend its downside.
Fed policymakers have been reiterating that it is appropriate to lower interest rates now as they lack confidence that inflation will sustainably return to 2%. 10-year US Treasury yields fell to 4.39% after Chicago Fed Bank President Austan Goolsbee warned that the Unemployment Rate could increase if interest rates remain high for too long.
AUD/USD US Dollar Market Mood US Yields S&P 500 Australian Dollar China Inflation Data
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