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 US Dollar Softens Ahead of PMI Data
Australian Dollar Holds Steady as US Dollar Softens Ahead of PMI Data The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Thursday, supported by the release of domestic Purchasing Managers Index (PMI) data. The AUD/USD pair moved higher as the USD experienced a slight dip, driven by a modest pullback in US Treasury […]
RBA Governor Bullock Predicts ‘Quite Low’ March GDP Numbers
RBA Governor Bullock Predicts ‘Quite Low’ March GDP Numbers Reserve Bank of Australia (RBA) Governor Michele Bullock has indicated that a rebound in inflation or persistently high price pressures could necessitate further interest rate hikes. Speaking at a senate estimates hearing, Bullock emphasized the RBA’s readiness to act if inflation remains uncomfortably high, stating that […]
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 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 Gains Momentum Amid Weakening US Dollar
Australian Dollar Gains Momentum Amid Weakening US Dollar The Australian Dollar (AUD) continues its upward trajectory, marking its third consecutive day of gains on Monday. This rise comes after the AUD rebounded from its annual lows, primarily driven by the underperformance of the US Dollar (USD). The weakening of the USD is in response to […]
Yen Traders Monitor Verbal Intervention Possibilities as Weakness Persists
Yen Traders Monitor Verbal Intervention Possibilities as Weakness Persists Tokyo’s foreign exchange (FX) traders are keeping a close eye on official statements as the Japanese yen (JPY) continues to weaken, nearing levels that prompted government intervention last year to support the currency. On Friday, the yen traded beyond 143 per dollar, falling nearly 1% from […]