Australian Dollar Steady Despite GDP Disappointment. Where to for AUD/USD?
The Australian Dollar was little changed in the aftermath of underwhelming third quarter domestic GDP data and revisions lower of previous estimate. Will AUD/USD sink?
Read More »AUD/USD Falls Alongside Iron Ore and bitcoin as China Ramps Up Lockdown Measures
The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US…
Read More »Aussie Trade Balance beats estimates but AUD/USD little to show for it
The trade balance released by the Australian Bureau of Statistics is out as follows: Australia Sept balance goods/svcs AUD+12,444 mln, s/adj (Reuters
Read More »Breaking: Aussie CPI beats estimates, putting a bid into AUD/USD
Australia’s third quarter Consumer Price Index has put a bid into AUD/USD: Aussie CPI Australia Q3 RBA trimmed mean CPI +1.8% QoQ (Reuters poll +1.5
Read More »Australian Dollar Trails Chinese Stocks Lower Despite Dow Jones Gains
The Australian Dollar fell against the US Dollar despite a rosy Wall Street trading session. Fed bets eased after weak PMI numbers, bolstering equities, but Chinese stocks remain under intense…
Read More »Australian Dollar at Risk as New Week Begins, Eyes on USD/JPY and Intervention Threat
The Australian Dollar may weaken as the new trading week begins after Wall Street’s plunge on Friday. With USD/JPY at a 32-year high, will Japan soon intervene again?
Read More »AUD/USD retreats from 0.6300 on downbeat Australia Consumer Confidence, mixed mood
AUD/USD remains depressed around the lowest levels since April 2020 as the recent downbeat Aussie data adds strength to the bearish bias during Tuesda
Read More »Australian Dollar Outlook: Dovish RBA Sinks Currency
The RBA surprised markets last Tuesday when they raised the cash rate target by 25 basis points to 2.60%, less than the 50 basis points expected, sending the AUD/USD lower.
Read More »AUD/USD justifies cautious optimism above 0.6800 as RBA rate hike, US ISM PMI loom
AUD/USD flourishes on the bull’s radar as it refreshes the intraday low around 0.6820, close to 0.6815 by the press time, amid the market’s mildly pos
Read More »Australian Dollar at Risk as Market Sentiment Sours After Powell Comments
The risk-sensitive Australian Dollar is at risk of falling further versus the US Dollar as Asia-Pacific traders digest last week’s comments from Federal Reserve Chair Jerome Powell.
Read More »