Australian Dollar Falls as RBA Holds Interest Rate at 4.35%
Australian Dollar Falls as RBA Holds Interest Rate at 4.35% The Australian Dollar (AUD) saw its recent rally come to a halt on Tuesday, following the Reserve Bank of Australia’s (RBA) decision to maintain the official cash rate at 4.35%. This decision came despite market anticipation of a possible shift towards a more aggressive monetary […]
Australian Dollar Strengthens on Improved Risk Sentiment
Australian Dollar Strengthens on Improved Risk Sentiment The Australian Dollar (AUD) continued its upward trend for the fourth consecutive session on Monday, driven by growing optimism surrounding the Reserve Bank of Australia (RBA). This positive sentiment is underpinning the AUD’s strength and providing solid support for the AUD/USD pair. As the RBA prepares for its […]
Australian Dollar Gains Ahead of Fed Rate Decision
Australian Dollar Gains Ahead of Fed Rate Decision The Australian Dollar (AUD) has seen a slight recovery driven by a potential shift towards risk-on sentiment among investors. Despite this uptick, the AUD/USD pair encountered downward pressure in the early trading hours on Wednesday. This movement followed the release of the AiG Industry Index, which indicated […]
Australian Dollar Gains Despite Weak US Dollar
Australian Dollar Gains Despite Weak US Dollar The Australian Dollar (AUD) extended its recent gains on Monday, maintaining its position around the three-week peak of 0.6560. This upward trend began on April 22, largely driven by increasing hawkish expectations for the Reserve Bank of Australia (RBA) following last week’s higher-than-expected CPI inflation data. Warren Hogan, […]
Australian Dollar Rises Amid Hawkish RBA Sentiment
Australian Dollar Rises Amid Hawkish RBA Sentiment The Australian Dollar (AUD) marked its fifth consecutive session of gains against the US Dollar (USD) on Friday, buoyed by increasing expectations of a hawkish monetary policy from the Reserve Bank of Australia (RBA). This outlook was further supported by TD Securities’ revised forecast, which pushed back the […]
Australian Dollar Nears Key Level as US Dollar Stays Weak
Australian Dollar Nears Key Level as US Dollar Stays Weak The Australian Dollar (AUD) has continued its upward trajectory for the second day in a row on Thursday, finding support from a weakening US Dollar (USD). Despite this, mixed signals from recent Australian employment data have placed some downward pressure on the AUD/USD exchange rate. […]
Australian Dollar Nears Key Level Before US Retail Sales Data
Australian Dollar Nears Key Level Before US Retail Sales Data The Australian Dollar (AUD) saw a modest rebound on Monday, pulling away from its eight-week low of 0.6456 set last Friday. However, the AUD/USD pair faced resistance as traders gravitated towards the perceived safety of the US Dollar (USD) amid escalating tensions in the Middle […]
AUD/JPY Nears 99.90 Amid Expectations of RBA Holding Rates Steady
AUD/JPY Nears 99.90 Amid Expectations of RBA Holding Rates Steady The Australian Dollar/Japanese Yen (AUD/JPY) exchange rate has shown a significant uptrend, reaching nearly 99.90 during Monday’s European trading session. This bullish trend in the currency pair is largely driven by the robust performance of the Australian Dollar, buoyed by positive developments in Australia’s domestic […]
Australian Dollar Struggles for Gains Against Strong US Dollar, Awaits ISM Services PMI
Australian Dollar Struggles for Gains Against Strong US Dollar, Awaits ISM Services PMI The Australian Dollar (AUD) is striving to continue its upward trend for a second day on Wednesday, facing challenges against a backdrop of varied economic factors. The AUD/USD pair has found some support due to a weakening US Dollar (USD), primarily influenced […]
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech The Australian Dollar (AUD) faced a downturn for the second day in a row on Friday, influenced by the strengthening US Dollar (USD). This change in the currency market came in the wake of mixed signals from the US economic data. The […]
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar The Australian Dollar (AUD) is showing signs of consolidation, hinting at a potential recovery from its recent losses as of Wednesday. This comes amidst mixed market signals, including a positive performance from the S&P/ASX 200 Index and contrasting pressures from lower commodity prices. […]
Australian Dollar Recovers from Intraday Losses Amid Stable US Dollar
Australian Dollar Recovers from Intraday Losses Amid Stable US Dollar The Australian Dollar (AUD) has seen its winning streak, which began on February 14, come to a halt. This pause in the currency’s rise is partly attributed to the decline of the S&P/ASX 200 on Monday, a movement possibly linked to escalating tensions between China […]
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes
Australian Dollar Steadies Above Key Mark Before US PMI, FOMC Minutes The Australian Dollar (AUD) is navigating choppy waters, managing to hold above the crucial 0.6750 threshold against the US Dollar (USD). The AUD, tied closely to commodity markets, is under pressure from a global growth slowdown at 2024’s end, nudging investors towards the USD. […]
Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions
Australian Dollar Rises on Expectations of Federal Reserve Rate Reductions The Australian Dollar (AUD) has been on a positive trajectory since Wednesday, with the AUD/USD pair experiencing notable upward movement. This surge is largely attributed to market expectations of impending rate cuts by the US Federal Reserve (Fed), which in turn has put downward pressure […]
AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech
AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech The Australian Dollar (AUD) has seen its value diminish for a second consecutive trading session on Monday, signaling a sustained bearish trend against its US counterpart. This downward trajectory has been influenced significantly by robust employment data emerging from the United States, which gave a considerable […]
Australian Dollar Cuts Gains Before US Data, Powell’s Speech
Australian Dollar Cuts Gains Before US Data, Powell’s Speech The Australian Dollar (AUD) found its footing to pause a recent downtrend as trading wrapped up for the week, although the resurgence of the US Dollar (USD) weighed on the AUD/USD currency pair. This pressure was compounded by less-than-stellar economic data emerging from China, which typically […]
Australian Dollar Rises Amid Hopes for Chinese Stimulus After Weak Data
Australian Dollar Rises Amid Hopes for Chinese Stimulus After Weak Data The Australian Dollar (AUD) has demonstrated resilience, rebounding from its recent slump even as Australia’s economic figures showed a downturn. The AUD/USD pair, after peaking near a four-month high at 0.6676, has seen a slight pullback. This movement comes amid a broad recovery of […]
Australian Dollar holds above key level before US housing data release
Australian Dollar holds above key level before US housing data release The Australian Dollar (AUD) continues to navigate through difficult market conditions, maintaining its stance above a significant threshold as it grapples with losses incurred on Friday. This comes in the wake of disappointing economic figures from the United States (US), which were publicized on […]