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Back in February MNI highlighted in an.......>

AUSSIE
AUSSIE: Back in February MNI highlighted in an analysis email that AUD is set to
lose its yield advantage over the USD on a sustained basis for the first time
since 1981, a period when AUDUSD fell by nearly 50% (AUDUSD decline 49% between
1981 and 1986). Please See MNI Exclusive Analysis email - AUD to lose yield
protection - Feb 13. The AU/US 10yr is currently deep in negative territory at
-0.50%. The US 10-yr firmed to multi-year highs of 3.2305% triggering broad USD
strength across G10 FX, this has seen AUDUSD extend its decline to multi-year
lows of $0.7076, suggesting the downtrend is set to continue. Bears target a
break of the key $0.7000 level which is reported to hold option-related support.

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