The Australian Dollar capitulated last week as the US Dollar regained the upper hand with the Fed talking up more hikes while Aussie bond markets see clouds ahead. Lower AUD/USD?
Source
Australian Dollar Outlook: US Dollar in Play as Local Bond Yields Invert
![](http://forex.weraven.com/wp-content/uploads/2023/06/representation-user-experience-interface-design-smartphone-scaled.jpg)