May 03, 2022 - 12:41 PM 287 views
As Aussie traders are counting on the Reserve Bank of Australia's
(RBA) monetary policy meeting, the benchmark of Australia’s 10-year old
treasury rates is swinging near its highest points since November 2014.
After hitting a multi-month high of 3.33% when compared to its
last, Tuesday’s Asian time press time reports that the key bond coupon pulled
out to 3.30%.
The Reserve Bank of Australia (RBA)’s 0.15% increase will likely
help the Australian dollar as well as the AUD/USD currency pair. The non-existence
of Japanese traders and stronger US treasury yields might test the quotes
before the start of the US session.
The AUD/USD rate has risen above 0.17% and is currently hovering
Geo-political worries and Australia’s macro economy have increased
the credit card risks stated by the global rating agency Fitch.