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 »Australian Dollar Eyes PBOC Rate Cuts Amid Protracted China Power Woes
The Australian Dollar is facing increased headwinds as China’s power crunch worsens. A PBOC rate cut expected today may not offer much relief to AUD/USD.
Read More »Australian Dollar Outlook: RBA and Trade Play Out in AUD
The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?
Read More »Market Update – July 7 – Fed focused on Inflation, USD bid, Stocks flat, Gold tumbles
USD moved down from new to 20-year highs at 107.00 but remains in demand (USDIndex 106.64), US Stocks flat on close (NASDAQ +0.35%). FED Minutes leaned to the hawkish side. –…
Read More »Australian Dollar May Fall as Global Growth Fears Fester
The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.
Read More »Australian Dollar May Rise After FOMC Minutes Sink the US Dollar and Boost S&P 500
The Australian Dollar may rally next after the US Dollar weakened and the S&P 500 climbed on the FOMC meeting minutes. Risk appetite could improve during the Asia-Pacific session.
Read More »Australian Dollar Outlook: It’s All About the Big Dollar
The Australian Dollar has a sound economic story, but with the Fed racing against time, the US Dollar is soaring. Will AUD/USD continue to bounce off recent lows?
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