AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms

Asia-Pacific markets may pull back from gains seen on Tuesday following a shaky session on wall Street. The S&P 500 index led losses among the major indexes, while the VIX “fear gauge” rose above the 20 handle. The 10-year benchmark Treasury yield saw mild buying, pushing the note’s yield down near a full percentage point. The Australian Dollar may see movement on the Westpac Consumer Confidence Index for May, due out at 00:30 GMT. The prior month’s read crossed the wires at 118.8, the third consecutive monthly move higher. The Aussie Dollar may strengthen if the trend of improving consumer confidence … (full story)

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