Post #15412

Aussie Extends Its Winning Streak AUD/USD is trading higher on the day, extending a strong run with seven straight green candles. The pair now approaches levels not seen since mid-November. Australia printed solid Q3 growth signals, with government spending jumping and adding meaningful support to GDP. That lifted expectations ahead of Wednesday’s GDP report and helped fuel Aussie strength. Meanwhile, surging Japanese yields spilled across global bond markets, pushing Australian 10-year yields to fresh 11-month highs and widening the AU–US yield spread to its largest since 2022. At the same time, markets have priced out almost any chance of further RBA cuts, expecting the central bank to hold rates at 3.60% next week with a more hawkish lean. If growth data comes in hot and the RBA leans firmer on inflation, AUD/USD could extend this multi-day rally into higher levels. But if GDP underwhelms or global risk sentiment sours, the pair is overextended enough to justify a pullback. - Alan