AUD/USD

Aussie Gains on Exporter Demand as Dollar Steadies

The Australian dollar rose against all its Group-of-10 peers as local exporters' demand for the Aussie combined with a weaker greenback following in-line US jobs data amid a backdrop of easing inflation.

Aussie advanced as exporters and other local companies looked to fulfill their hedging needs, according to Asia-based FX traders.

AUD/USD rose 0.2% to 0.6585, while NZD/USD climbed 0.2% to 0.6105; both fell each week of the previous three.

The Bloomberg Dollar Spot Index was steady after dropping 0.3% on Friday.

The yield on 10-year Treasuries was up three basis points to 4.06%, following a 14 basis point drop Friday.

The yen and Swiss franc underperfomed, each falling as much as 0.3%.

Some information comes from FX traders familiar with the transactions who asked not to be identified because they aren't authorized to speak publicly.

Source: Bloomberg

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