- AUD / USD is under modest bearish pressure early in the American session.
- The US Dollar DXY Index turns positive on the day above 93.00.
- Impressive US jobs report provides boost to Treasury yields.
The pair AUD / USD is pushing lower at the start of the American session on Friday, with the USD gaining some traction thanks to rising US Treasury yields At the time of writing, the pair is down 0.11% on the day, trading at 0.7611.
DXY Index Bounces Above 93.00 Level After NFP
The monthly publication of the U.S. Bureau of Labor Statistics revealed on Friday that the NFP nonfarm payrolls in the US increased by 916,000 new jobs in March, compared with analysts’ estimate of an increase of 647,000. Furthermore, the unemployment rate fell to 6% from 6.2% in February, as expected.
With the initial market reaction, the 10-year US Treasury yield rose to a daily high of 1.704% and the US Dollar DXY index advanced above the 93.00 region. At the moment, the DXY index is up 0.13% trading at 93.05.
No other macroeconomic data will be released for the rest of the day and the US bond market will close early due to the Easter vacations, which suggests that trading action is likely to remain subdued for the next several hours.
On a weekly basis, AUD / USD remains on track to close with small losses for the second week in a row.
AUD / USD technical levels
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