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
The AUD/USD ratio might drop to 0.6833, a nearly six-month low. The 14-day Relative Strength Index around 40 indicates that the asset continues to experience bearish pressure. The pair is currently assessing the immediate resistance at the nine-day EMA of 0.6932. AUD/USD is experiencing a slight upward movement following a decline of 0.5% the previous … Read more
AUD/USD edges higher to approximately 0.6950 in Friday’s Asian session. The RBA’s Hunter has reiterated that the board will implement the necessary measures to reduce inflation to its target level. Fed’s Williams stated that he is not anticipating a prolonged rise in energy prices. The AUD/USD pair draws interest from buyers around the 0.6950 mark … Read more
The Australian Dollar has weakened following June’s 0.2% decline in ANZ–Indeed Job Ads, which represents the third consecutive monthly decrease this year. Aaron Luk observed that job advertisements have decreased by 28% from their peaks in 2022, yet they continue to be significantly higher than the levels observed prior to the pandemic. AUD may experience … Read more
As investors modify their interest rate expectations for the Federal Reserve in response to a weak US jobs report last week, the Australian Dollar continues its surge into a third consecutive trading session, rising 0.25% on Monday. Consequently, the US Dollar weakened, driving AUD/USD higher to trade at 0.6950 after bouncing off daily lows of … Read more
AUD/USD remains stable as the Australian Dollar gains support from favourable domestic Trade Balance data. Australia’s Trade Balance experienced a shift to a A$3,018M deficit in May, marking a reversal from the surplus recorded in April. The US Dollar remains steady following Fed Chair Kevin Warsh’s relatively subdued remarks at Wednesday’s ECB Forum. AUD/USD inched … Read more
AUD/USD declines as a robust US Dollar takes advantage of increasing hawkish sentiment surrounding the Federal Reserve’s policy outlook. The CME FedWatch tool suggests that traders are currently assigning a probability of nearly 60% to a Federal Reserve rate hike by September. Trump asserted that discussions between the US and Iran were set to take … Read more
