Aussie ascendant before RBA; yen pressured by rising U.S. yields

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The Australian dollar ticked higher on Tuesday ahead of an expected half-point increase in the Reserve Bank’s policy rate, while the yen slid against the greenback amid a rise in U.S. Treasury yields. The Aussie and New Zealand dollars were also supported by signs that the United States might soon ease tariffs on key trading partner China. Australia’s currency climbed 0.29% to $0.6888, while New Zealand’s kiwi rose 0.21% to $0.6222. At the same time, the U.S. dollar was up 0.35% at 136.165 yen, gaining support from a strong rebound in the 10-year Treasury yi…

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