2/12/2021 3:45:20 PM GMT
US Treasury yields have resumed their advances heading into the weekly close.
The AUD rose despite the sour tone of equities and falling gold prices.
AUD/USD retains its long-term bullish potential and could reach fresh yearly highs.
The AUD/USD pair advanced for a second consecutive week, recovering the 0.7700 threshold. The main driver was the generalized dollar weakness, amid tepid US employment data spiced with some dovish comments from US Federal Reserve head, Jerome Powell. The Fed president said that there’s a long way ahead to achieve full employment, adding that rates will likely remain at lows until the sector is fully recovered.
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