Treasury yields surged higher after Fed Chair Jerome Powell failed to cool bond market volatility. AUD/USD broke below a key trendline after safe-haven bids drove the US Dollar higher.

US equities moved lower as rising Treasury yields were back in focus. Meanwhile, the Australian Dollar faces key levels against the Greenback and New Zealand Dollar ahead of January trade data.

US equities failed to extend gains from Monday as Treasury yields aesed. Elsewhere, the Canadian Dollar gained versus the Greenback despite falling crude oil prices.

The Australian Dollar is pushing into fresh highs versus the Greenback, but RBNZ news is bolstering the New Zealand Dollar, with AUD/NZD moving sharply lower.

The Canadian Dollar extended gains as Fed Chair Jerome Powell quelled market volatility. Japan’s Nikkei 225 may gap lower, with NZD/USD eying the RBNZ during the APAC session.

APAC equity prices may face some pressure from rising government bond yields as the reflation trade continues to gain steam. Meanwhile, AUD/USD and AUD/NZD appear set to move higher.

Wall Street moved lower on Thursday as rising Treasury yields pressured equity prices. Still, the risk-sensitive New Zealand Dollar appears poised for gains with a bullish technical picture.

The Australian Dollar appears unimpressed following a generally upbeat AU jobs report. Earlier Wall Street sentiment appears to be driving action, for now.

AUD/USD is approaching a level of support after safe-haven flows boosted US Dollar strength. A risk-off tone dragged Wall Street indexes lower with the Dow Jones being the exception as it rose to a…

APAC trading is set for a quiet start to the week as many Asian markets remain closed amid Lunar New Year celebrations. Meanwhile, AUD/NZD faces technical threats that may end its rally.