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Australian Dollar Holds Ground as Evergrande Makes a Payment. Can AUD/USD Move Up?

AUSTRALIAN DOLLAR, AUD/USD, US YIELDS, EVERGRANDE, RBA - TALKING POINTS The Australian Dollar saw early pressure before Evergrande made good. APAC equities moved higher on the news as sentiment turned positive. US yields rise as inflation fears grow. Will AU-US spreads drive AUD/USD?   Overnight, S&P 500 hit a record high while US Treasury yields backed off 2 basis points from 5-month highs. US 2-year break-evens implied an inflation rate of 3.22% at one st

MongiIG

MongiIG in Market News

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