AUD/USD: Firmer sentiment, softer yields push Aussie bulls toward 0.6450, RBA’s Bullock eyed

AUD/USD edges higher past 0.6400 after a positive start of the week despite a quiet Monday. That said, the Aussie pair managed to cheer China-inspired

optimism and a pullback in the US Treasury bond yields, as well as the upbeat Australia’s Retail Sales, the previous day. However, the cautious mood ahead of Reserve Bank of Australia Deputy Governor Michele Bullock, to be the Governor in three weeks, prods the traders of the risk-barometer pair during early Tuesday in Asia.

Elsewhere, to the absence of any hawkish surprises from the Federal Reserve and other central major bankers during last week’s Jackson Hole Symposium. It’s worth noting that Fed Chairshowed readiness for rate hikes while pushing back rate cut bias during his key Jackson Hole speech. While portraying the mood, Wall Street benchmarks closed in the green for the second consecutive day while the US 10-year Treasury bond yields dropped three basis points to 4.20% and the two-year counterpart declined half a percent to 5.5% at the latest.

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