Article taken from: finance.yahoo.com
The Australian and New Zealand Dollars are trading mixed early Wednesday after data out of China and Australia failed to generate any meaningful upside momentum. Despite economic data from China and Australia, the price action suggests investors are still eyeing the movement in U.S. Treasury yields for direction. Bullish investors are hoping that lower Treasury yields help to restore some calm to global markets and reignite demand for riskier assets. It’s All About Bond Yields On Tuesday, lower U.S. bond yields sapped some of the U.S. Dollar’s allure, helping to boost the commodity-linked currencies. […] So in addition to the movement in the bond yields, Aussie and Kiwi investors are also watching the impact of higher rates on global equity markets.
Click here to read the full article