Australian dollar reverses losses after RBA holds rates [CNBC]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: CNBC
Australian dollar reverses losses after RBA holds rates Amr Abdallah Dalsh | Reuters The dollar held on to recent gains against its major peers on Tuesday, supported by a recovery in investors' risk appetite, which gave an overnight boost to U.S. yields. The Australian dollar rose, reversing earlier losses, after the Reserve Bank of Australia dollar index "The overly pessimistic view on developed economies and the overly dovish view on the (Federal Reserve) is being unwound," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities. Trading was likely to remain subdued in Asia with many markets across the region closed for Lunar New Year holidays for much of the week. The index rose 0.7 percent after dipping last week below its 200-day moving average for the first time since early January 2018. It gained as Treasury yields rose with that of the 10-year jumping 9 basis points over the past two sessions. Yields have climbed after MSCI's gauge of global stocks hit a two-mon
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- 2/26/24 - Form 6-K
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- 2/22/24 - Form 6-K
- MFG's page on the SEC website