The Australian Dollar pierced below support levels last week as the US Dollar leapt higher on rising Treasury yields with possible official selling of US debt. Will AUD/USD turn around?
The Australian Dollar pummelling continues going into the end of August with the US Dollar reigning supreme and Treasury yields stacking up the gains amid concerns around the outlook for China.
prospects at the same time that several large property companies are defaulting on their debt obligations., it might ignite domestic growth but at the same time, dimmish the relative value of the Yuan. Country Garden and Sino Ocean, two very large Chinese property developers, have defaulted on several offshore and onshore bonds this month.
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