The currency pair has dropped to around 0.7080 during the Asian session on Friday. In February, Australia’s Unemployment Rate rose to 4.3%, falling short of the market consensus expectations. The PBOC kept the LPR rates steady in March, in line with what was anticipated. The currency pair is currently positioned in negative territory, hovering around … Read more
AUD/USD advances to approximately 0.7115 during the Asian session on Wednesday. The RBA increased the OCR by 25 basis points to 4.10% from 3.85% during its March monetary policy meeting. Markets anticipate that the Fed will maintain the current rates on Wednesday. The AUD/USD pair is experiencing upward momentum, approaching 0.7115 in the Asian trading … Read more
AUD/USD is currently positioned in negative territory, hovering around 0.7060 during Tuesday’s Asian session. The RBA increased its OCR by 25 basis points to 4.10% during the March meeting, aligning with expectations. The Federal Reserve is poised to maintain interest rates at their current levels during the upcoming March meeting on Wednesday. The AUD/USD pair … Read more
The currency pair is experiencing a drop, nearing 0.7060 in the early hours of the European session on Friday. A poll indicated that the central bank is expected to increase the interest rate to 4.10% next week. The positive outlook for the pair remains intact, staying above the important 100-day EMA. The first downside target … Read more
AUD/USD draws interest from buyers around the 0.7170 mark during the early Asian session on Wednesday. A growing number of economists anticipate that the RBA will increase interest rates in the upcoming week. The prevailing positive bias of the pair remains intact above the significant 100-day EMA, supported by bullish RSI momentum. The initial support … Read more
The AUD/USD exchange rate experienced a modest increase to 0.7030 on Monday, as market participants monitored the continuing conflict in Iran, rising crude oil prices, and the forthcoming consumer inflation report. The asset has surged from this month’s low of 0.6945. The AUD/USD exchange rate remained stable as market participants responded to the continuing conflict … Read more
The AUD/USD pair attempted to gain ground at the outset of Thursday’s trading session, but subsequently declined significantly. AUD/USD currently presents notable trading challenges, primarily because the Reserve Bank of Australia is expected to continue with rate hikes in the future. At the same time, AUD/USD remains highly sensitive to shifts in global risk appetite. … Read more
The AUD/USD pair has stayed within a limited range this week amid the ongoing conflict in the Middle East. On Tuesday, it was at 0.7077, experiencing a minor decline from the year-to-date peak of 0.7147. The emphasis will continue to be on the recent developments in the Middle East, the forthcoming US jobs data, and … Read more
The AUD/USD exchange rate exhibited significant volatility on Monday morning as market participants responded to the unfolding events in the Middle East, where tensions between Iran and the US intensified. The pair was observed at 0.7050, reflecting a minor decline from the year-to-date peak of 0.7140. The AUD/USD exchange rate experienced a pullback as market … Read more
The AUD/USD exchange rate exhibited stability within a narrow range following the release of significant macroeconomic data from both the United States and Australia. On Wednesday, it was positioned at 0.7060, slightly beneath this month’s peak of 0.7155. The AUD/USD pair exhibited fluctuations following the release of the most recent consumer confidence report from the … Read more