Australian dollar sinks in a poor signal for risk trades. Falls to lowest since Aug 15
globalreutersOctober 25, 20241 Mins read The risk mood is slowly deteriorating after a strong start. The S&P 500 is up just 10 points after rising is much as 50 pips. The trend has been steady and I haven’t seen any headlines that would explain the moves. I’d chalk it up to angst around the election.
AUD/USD is now trading at the lowest since August 15.
What’s particularly worrisome is that Treasury yields are ticking higher again. There was a NYT/Sienna poll today that showed some momentum for Trump and that could have bond buyers worried about a red sweep and larger deficits.
This article was written by Adam Button at www.forexlive.com.
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This article was written by Greg Michalowski at www.forexlive.com.
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