Following poor Chinese PMI data, where manufacturing fell to 49.2 in July, falling short of forecasts, AUD/USD is still muted. The Australian Dollar is under pressure as weak Q2 inflation has effectively eliminated the possibility of an August RBA rate hike. The US Dollar appreciates even as risk aversion diminishes, influenced by recent diplomatic developments. … Read more
AUD/USD may depreciate as the US Dollar could find support, as three policy members dissented in favour of a rate hike. Australia’s 10-year yield decreased to 4.9% following a decline in June inflation, which has subsequently tempered expectations for rate hikes. Markets have reduced the likelihood of a 2026 RBA rate increase to 50% in … Read more
AUD/USD declines as the Australian Dollar stays muted in response to softer inflation figures, which dampen domestic interest rate outlooks. Australia’s June CPI increased by 3.8% on a year-over-year basis, reflecting a deceleration from May and falling short of the 4.0% market expectation. Middle East hostilities bolster the US Dollar, posing a risk of additional … Read more
AUD/USD remains caught in a tight range, but the calm tone on the chart hides a more complicated backdrop. With both Australian inflation data and the next Federal Reserve rate decision approaching, traders are weighing whether this week’s events will leave the pair drifting sideways or finally push it out of its recent band. The … Read more
AUD/USD appreciates to approximately 0.7010 during the Asian session on Thursday. Australia’s unemployment rate remained stable at 4.4% in June, aligning with expectations. Iran issued a warning regarding a potential response should the United States act on Trump’s threats to dismantle infrastructure. The AUD/USD pair maintains a favourable position close to 0.7010 during the Asian … Read more
During Wednesday’s early Asian session, AUD/USD gains momentum to about 0.7010. Increasing oil prices may solidify a fourth rate increase by the RBA this year, contingent upon the resolution of US-Iran conflicts in the coming weeks. The US has initiated the 11th night of strikes against Iran as diplomatic efforts continue to falter. The AUD/USD … Read more
AUD/USD has experienced a rally for the second consecutive day, reaching one-month highs above 0.7020. Investors’ optimism regarding a potential ceasefire in Iran is exerting downward pressure on the US Dollar. Increased speculation regarding a potential rate hike by the RBA later this year lends further support to the Australian dollar. The Australian Dollar is … Read more
The AUD/USD currency pair consolidated on Friday after recent gains throughout the week, supported by tamer-than-expected U.S. inflation readings that notably diminished the likelihood of a July rate hike. Bullish sentiment accelerated midweek following Federal Reserve Chairman Kevin Warsh’s characteristic reticence regarding the central bank’s strategy for addressing persistently elevated inflation, which has exerted downward … Read more
AUD/USD faces challenges as the Australian Dollar continues to exhibit weakness in the wake of the Consumer Inflation Expectations report. US strikes on Iranian assets and a new naval blockade have prompted a significant increase in the demand for safe-haven assets. Fed Chair Kevin Warsh characterised the prevailing inflation as temporary on Wednesday. AUD/USD experiences … Read more
AUD/USD maintains its upward trajectory, bolstered by a robust Australian Dollar that finds support from significant economic data published by its principal trading partner, China. China’s economy in the second quarter expanded by 0.9% on a quarter-on-quarter basis, a decline from the 1.3% growth observed in the first quarter, yet aligning with market expectations. The … Read more