Commodity currencies hit fresh lows on broad USD bid

Treasury yields near the highs of the day

Treasury yields near the highs of the day

US equities are bouncing but other markets aren’t buying it.

The commodity currencies are at the lows of the day, with USD/CAD breaking 1.27 and AUD/USD nearing 0.7700.

The moves come as a broad USD bid develops. US 5-year yields are now up 0.2 bps on the day at 0.82% and just off the session high of 0.83%.

AUD/USD is now down nearly 2% in an emphatic rejection of 80-cents.

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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