AUD/USD appreciates to approximately 0.7090 during the early hours of Monday’s Asian session. US Retail Sales experienced a decline in momentum during July, decreasing by 0.6% on a month-over-month basis. RBA’s Kent indicated that the rate hikes are producing the desired effects. The AUD/USD pair is experiencing modest gains, hovering around 0.7090 in the early … Read more
The Australian Dollar maintains its strength, even as China’s manufacturing PMI has softened to 50.9 in July. The US Dollar encounters downward pressure in the wake of Japan’s $58.97 billion yen-buying intervention and a reduction in risk aversion among investors. Diplomatic assertions between the US and Iran continue to be disputed, resulting in a cautious … Read more
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 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 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 is showing an upward movement even though market participants are dismissing the possibility of any interest rate changes on Tuesday. The US Dollar has experienced a decline as the prospects of a US-Iran peace deal diminished, leading to a reduction in safe-haven demand. This shift has contributed to easing concerns regarding inflation and the … Read more
AUD/USD has declined to approximately 0.7035 during the early Asian session on Monday. Iran has launched missiles towards Israel for the first time since the ceasefire in April, heightening concerns about a potential escalation in the Middle East conflict. The RBA’s hawkish stance could limit the potential decline of the Australian Dollar. The AUD/USD pair … Read more
AUD/USD has seen a decline as the Australian Dollar weakens in response to inflation data that fell short of expectations. Australia’s CPI increased by 4.2% year-over-year, falling short of the 4.4% consensus and decelerating from March’s 4.6% rate. The US Dollar is facing challenges as the demand for safe-haven assets diminishes, with traders expressing optimism … Read more
