The AUD/USD pair closed the previous two trading days in the positive territory and preserved its bullish momentum on Thursday. As of writing, the pair was trading at fresh weekly highs at 0.7775, gaining 0.52% on a daily basis. The decent demand seen at Wednesday's 10-year US Treasury note auction triggered a sharp decline in the US T-bond yields and put the greenback under strong bearish pressure in the second half of the week. At the moment, the US Dollar Index is losing 0.27% at 91.55, while the yield on the 10-year reference is down 2%.
Earlier in the day, the data from Australia showed that Consumer Inflation Expectations in March rose to 4.1% from 3.7% in February. Although this reading came in higher than the market expectation of 3.5%, it failed to trigger a significant market reaction.