The Australian dollar is at a one-week low against the US dollar as USD climbs broadly higher following a beat in the June Empire Fed manufacturing survey.
The main reading was -6 from -9 but new orders jumped to -1.0 from -16.2 and the six-month index hit a two-year high. The US dollar was already moderately higher ahead of the data and extended further after the report.
AUD/USD is down 24 pips on the day to a one-week low and threatening the June low, which would mark a six-week low.
AUDUSD 1 hour
The US dollar is also stronger elsewhere as Treasury yields rise. US 10-year yields are up 5.6 basis points to 4.267% in the first climb following four days of declines.
That’s helped to boost USD/JPY a half-cent on the day to 157.89, which is a three-day high.
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- Source: https://www.forexlive.com/news/us-dollar-edges-higher-as-empire-fed-ticks-up-20240617/
