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. […]
GBP/USD Sees Mild Losses Below 1.3400 Ahead of US PMI Data
GBP/USD Sees Mild Losses Below 1.3400 Ahead of US PMI Data The GBP/USD pair faces slight declines, hovering around 1.3370 during Tuesday’s Asian trading session. Less dovish comments from Federal Reserve (Fed) Chair Jerome Powell have strengthened the US Dollar, putting pressure on the pair. Market participants are now focused on the upcoming US ISM […]
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data
US Dollar Faces Continued Pressure as Market Focus Shifts to PMI Data After a brief recovery earlier in the day on Wednesday, the US Dollar Index reversed course during the American session, marking its fourth consecutive day of losses. As of Thursday’s European trading hours, all eyes are on the preliminary August PMI data from […]
EUR/JPY Stabilizes Around 157.00, Rebounds Following PMI Data
EUR/JPY Stabilizes Around 157.00, Rebounds Following PMI Data EUR/JPY continues its downtrend for the sixth consecutive day, trading around 156.90 during the early European session on Monday. However, the pair has trimmed some of its intraday losses after the release of key economic data, including the Eurozone Producer Price Index (PPI) and Germany’s Purchasing Managers’ […]
Australian Dollar Rises on Strong PMI Data and Softer US Dollar
Australian Dollar Rises on Strong PMI Data and Softer US Dollar The Australian Dollar (AUD) saw mild gains during Thursday’s Asian session, edging higher following the release of the Australian Judo Bank PMI report. The report indicated that business activity in Australia continues to grow, albeit at a slower pace than in March and April. […]