RBA Policy

ForexNewsPlus Updates

AUD/USD Slips as Weak Jobs Data Hits Aussie

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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

ForexNewsPlus Updates

AUD/USD Rallies on RBA–Fed Policy Divergence

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The AUD/USD exchange rate has been on an upward trajectory, achieving its peak level since October of the previous year. The value increased to a peak of 0.6715, significantly surpassing this month’s low of 0.6440, driven by a surge in commodity prices and an increasing likelihood of divergence between the Reserve Bank of Australia and … Read more