Australian Dollar Forecast: Risk Aversion Hammers AUD/USD, Chinese Inflation Eyed
Risk aversion swept through markets overnight, driving Treasury yields lower and dragging the risk-sensitive Australian Dollar down. Traders are watching Chinese inflation figures to cross the wires.
Read More »Australian Dollar Forecast: AUD/USD Takes Hit on New Covid Lockdowns
AUD/USD is under pressure as Australia enacts a new round of lockdowns amid worries about the quickly spreading Delta variant of Covid-19. A speech from RBA Governor Lowe is eyed.
Read More »Australian Dollar Outlook: AUD/USD, S&P 500, Chinese Stocks Rise. Fedspeak, NFPs Eyed
The Australian Dollar recovered with the S&P 500 and Shanghai Composite. Was it another overreaction to the Fed? AUD/USD turns to RBA Governor Philip Lowe, Fedspeak and US NFPs next.
Read More »AUD/USD Eyes RBA Minutes After Iron Ore Rally Fails to Lift Aussie Dollar
The Australian Dollar may be set for movement on today's RBA meeting minutes after rising iron ore prices failed to help bolster AUD/USD.
Read More »Australian Dollar Outlook: AUD/USD Divergence With Wall Street Risks Continuing
The Australian Dollar may struggle despite ongoing optimism from Wall Street as falling bond yields and inflation expectations sap AUD/USD’s appeal. Focus on the Federal Reserve next.
Read More »AUD/USD Eyes Trade Data as Post-Australia GDP Move Fails at Technical Resistance
Asia Pacific markets may trade in calm waters as investors await the highly anticipated US NFP report. Meanwhile, AUD/USD may see a directional shift after trade data for May crosses…
Read More »AUD/USD Rises with Iron Ore as Westpac Consumer Confidence Looms
The Australian Dollar is gaining against the US Dollar as rising iron ore helps boost the Aussie Dollar. Westpac Consumer Confidence is in focus.
Read More »AUD/USD Eyes Chinese Economic Data as Sentiment Cautiously Improves
AUD/USD aims higher as several potentially hard-hitting economic events out of China are set to cross the wires. Meanwhile, market sentiment remains on fragile footing after last week.
Read More »Australian Dollar Forecast: AUD/USD to Rise on Prevailing Sentiment?
AUD/USD looks to start the week on a positive tone after last week's US NFP miss increased the expected timeline on ultra-loose global monetary conditions.
Read More »AUD, NZD on approach to Friday’s high. Markets underpricing?
AUD/USD and NZD/USD are back around their highs from Friday Earlier on Westpac questioned if markets are underpricing the price gains for commodities and in particular iron ore. The AUD…
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