Australian Dollar Rises Amid Risk-On Sentiment, Focus Shifts to RBA Rate Decision
The Australian Dollar (AUD) continues its third straight session of gains against the US Dollar (USD) on Monday, following US President Donald Trump’s move to postpone the imposition of reciprocal tariffs. A weaker USD following disappointing US retail sales data has further supported the AUD/USD pair, reigniting speculation that the Federal Reserve (Fed) may cut […]
Australian Dollar Declines as US Dollar Holds Gains Ahead of Jobless Claims
The Australian Dollar (AUD) fell against the US Dollar (USD) on Thursday as trade balance data came in below average than expected. Furthermore, risk-off sentiment, fueled by rising US-China trade tensions, weighs on the AUD/USD. In December, Australia’s trade surplus fell to $5,085 million, falling short of the 7,000 million anticipated and down from $6,792 […]
Australian Dollar Slips as US Tariffs on China Take Effect
The Australian Dollar (AUD) falls for the seventh consecutive day as the US Dollar (USD) strengthens following President Donald Trump’s 10% tariff on Chinese imports. Market volatility remains high as investors monitor the continuing US-China trade talks. Trump signaled he may speak with Chinese officials within the next 24 hours, warning that if a deal […]
Australian Dollar Slides Amid Rising Odds of RBA Rate Cuts, Fed Decision in Focus
The Australian Dollar (AUD) extends its losing streak for a third consecutive session against the US Dollar (USD), weighed down by softer-than-expected inflation data from Australia. Australia’s Consumer Price Index (CPI) rose by 0.2% quarter-on-quarter in Q4 2024, matching the previous quarter but missing the expected 0.3%. On an annual basis, CPI eased to 2.4% […]
Australian Dollar Weakens Amid Concerns Over Trump’s Trade Policies and Mixed Chinese Data
The Australian Dollar (AUD) ended its three-day winning streak against the US Dollar (USD) on Monday, with the AUD/USD pair trading flat following the release of mixed Chinese Purchasing Managers’ Index (PMI) data. As a close trade partner, Australia’s economy is heavily influenced by China’s economic performance. China’s National Bureau of Statistics (NBS) reported that […]
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions
Australian Dollar Strengthens on Hawkish RBA Comments; Risks Remain Amid US-China Tensions The Australian Dollar (AUD) extended its rally for a third consecutive session on Friday, buoyed by hawkish remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock. However, the AUD/USD pair may encounter headwinds as the United States prepares to introduce new measures […]
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar
Australian Dollar Holds Steady After Initial Gains Amid Stable US Dollar The Australian Dollar (AUD) maintained a steady position on Monday after paring earlier gains as the US Dollar (USD) continued to undergo a corrective pullback. The USD’s downward trajectory was partly driven by optimism in bond markets following President-elect Donald Trump’s nomination of Scott […]
Australian Dollar Weakens as US Dollar Rises Ahead of PMI Data
Australian Dollar Weakens as US Dollar Rises Ahead of PMI Data The Australian Dollar (AUD) softened against the US Dollar (USD) on Friday, impacted by mixed Judo Bank PMI results from Australia. Despite this, a hawkish tone from the Reserve Bank of Australia (RBA) on future rate decisions lent some underlying support to the AUD. […]
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy
Australian Dollar Holds Steady as RBA Minutes Highlight Need for Restrictive Policy The Australian Dollar (AUD) remained stable against the US Dollar (USD) after the release of the Reserve Bank of Australia’s (RBA) November Meeting Minutes on Tuesday. The minutes underscored the board’s cautious stance on inflation, emphasizing the continued need for restrictive monetary policy […]
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release
Australian Dollar Struggles as US Dollar Strengthens Ahead of US PPI Release The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) following Thursday’s economic data releases. Australia’s Consumer Inflation Expectations fell to 3.8% in November, down from 4.0% in October, marking the lowest level since October 2021. Australia’s Unemployment Rate, seasonally adjusted, […]
Australian Dollar Holds Gains Following Hawkish RBA Comments, Focus Shifts to US Election
Australian Dollar Holds Gains Following Hawkish RBA Comments, Focus Shifts to US Election The Australian Dollar (AUD) remains steady after gains from improved Purchasing Managers Index (PMI) data released on Tuesday. The Reserve Bank of Australia (RBA) held its Official Cash Rate (OCR) at 4.35% for an eighth consecutive pause in November, and it’s expected […]
Australian Dollar remains subdued as US Dollar inches higher ahead of US PCE Price Index
Australian Dollar remains subdued as US Dollar inches higher ahead of US PCE Price Index The Australian Dollar lingered in that strange, somber limbo it often found itself in, steady yet subdued against the mighty Greenback as Thursday dawned over the global market. Beneath the surface, there was a story in each data point, and […]
Australian Dollar Declines Amid Market Caution
Australian Dollar Declines Amid Market Caution The Australian Dollar (AUD) edged lower against the US Dollar (USD) on Thursday, though the AUD/USD pair experienced minor gains as the USD softened slightly with a modest dip in US Treasury yields. The AUD might find some support from the hawkish tone surrounding the Reserve Bank of Australia […]
Australian Dollar Faces Downward Pressure Amid Risk-Off Sentiment
Australian Dollar Faces Downward Pressure Amid Risk-Off Sentiment The Australian Dollar (AUD) struggled to maintain its previous gains on Wednesday, as the AUD/USD pair came under pressure from a stronger US Dollar (USD) driven by rising US Treasury yields. The growing risk aversion in markets, partly fueled by the increasing odds of Donald Trump winning […]
Australian Dollar Supported by Hawkish RBA Outlook, But Faces Pressure from Rising US Treasury Yields
Australian Dollar Supported by Hawkish RBA Outlook, But Faces Pressure from Rising US Treasury Yields The Australian Dollar (AUD) regained some of its recent losses against the US Dollar (USD) on Tuesday, buoyed by a hawkish stance from the Reserve Bank of Australia (RBA) and strong domestic employment data. However, the AUD/USD pair continues to […]
Australian Dollar Slips as China Holds Back on Major Stimulus Measures
Australian Dollar Slips as China Holds Back on Major Stimulus Measures The Australian Dollar (AUD) extended its decline on Tuesday, pressured by comments from the National Development and Reform Commission (NDRC) of China. During a press conference, China’s state planner acknowledged that the country’s economy is facing increasingly complex internal and external challenges. The lack […]
Australian Dollar Gains as US Dollar Remains Soft Ahead of Fed Powell’s Speech
Australian Dollar Gains as US Dollar Remains Soft Ahead of Fed Powell’s Speech The Australian Dollar (AUD) extended its gains for a third consecutive session on Monday, despite mixed data from China, Australia’s largest trading partner. The rise in AUD is supported by growing expectations of further US Federal Reserve (Fed) rate cuts in November, […]
Australian Dollar Strengthens as China Prepares Capital Injection for Top Banks
Australian Dollar Strengthens as China Prepares Capital Injection for Top Banks The Australian Dollar (AUD) regained some of its recent losses against the US Dollar (USD) on Thursday, benefiting from divergent monetary policy stances between the Reserve Bank of Australia (RBA) and the US Federal Reserve. The AUD also received a boost as China, Australia’s […]