AUD/USD rallies above 0.6800 on weak US ISM PMI, soft US Dollar – by christianborjon AUDUSD Macroeconomics Technical Analysis SEO
while increasing borrowing costs by the Federal Reserve would keep the economy under pressure. That said, the US Dollar remains on the defensive, undermined by falling US Treasury yields. At the time of writing, the AUD/USD clings above the 0.6800 figure.US equities are trading with losses. The Institute for Supply Management for November revealed that the Manufacturing PMI dropped below the expansionary/contractionary 50 levels, down to 49.0 from 49.2 estimated by analysts. Timothy R.
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