Despite a modest risk recovery during early Asia, AUD/USD remains on the back foot to 0.6570 amid the initial trading hours on Tuesday. While expectations of further stimulus from the US and Japan triggered the earlier risk reset, losses by the Asian equities as well as the US dollar pullback seem to exert downside pressure on the pair off-late.
The US 10-year treasury yields remain on the front foot towards recovering 15 basis points (bps) to 0.65% while S&P 500 Futures rise 2.5% to 2,815 by the press time.
