AUD/USD draws some sellers under 0.6450 as the US targets Iran’s nuclear facilities
The AUD/USD is expected to drop to around 0.6440 in the early hours of Monday’s Asian market. The United States has launched strikes on Iran’s nuclear facilities, raising concerns about broader conflicts in the Middle East. Australia’s S&P Global Manufacturing PMI stood at 51.0 in June, while the services PMI improved to 51.3. The AUD/USD […]
AUD/USD faces resistance as the US Dollar weakens and hopes for a Fed rate cut increase
Economic Developments Affecting AUD/USD Australia’s inflation expectations appear to be on the rise, suggesting that the RBA may be more hesitant to implement further interest rate cuts. Inflation trends in the US are easing, which may lead to forecasts indicating a rate reduction by the Fed in September. The AUD/USD is climbing, supported by expectations […]
AUD/USD drops slightly as risk appetite cools after US-China agreement
Australia is set to release inflation expectations on Thursday in June, which could impact interest rate predictions. The US is expected to announce its producer price index data for May, offering insights into wholesale inflation trends. AUD/USD may be affected by these economic reports, influencing rate expectations and consumer confidence. The Australian Dollar (AUD) slipped […]
AUD/USD remains steady ahead of Wednesday’s US CPI report.
The OUD/USD was trading close to 0.6520 as we noted, with the US-China dynamic boosting interest in commodity-related currencies. Even though Australian Westpac consumer trust figures were underwhelming, improved sentiment has tempered losses for the AUD. The upcoming US Consumer Price Index (CPI) report on Wednesday is anticipated to influence the Federal Reserve’s stance and […]
AUD/USD moves closer to 0.6500 before Chinese CPI inflation data.
AUD/USD is likely to draw some buyers near 0.6500 during early Asian trading on Monday. The US non-farm payroll saw an increase of 139,000 in May, exceeding expectations. Later on Monday, China’s CPI inflation figures will attract attention. The AUD/USD pair is inching up to around 0.6500 in the early hours of the Asian session […]
AUD/USD stays above 0.6400 after RBA rate cut, awaiting US Trump tax bill approval
The AUD/USD is expected to remain steady at 0.6420 in early Asia, following a 0.49% drop on Tuesday due to a rate cut by the RBA to 3.85%. The RBA’s decision to lower rates by 25 basis points was based on a more balanced view of inflation risks and growing global uncertainty. The governor indicated […]
AUD/USD remains stable above 0.6400 after Chinese data was released.
AUD/USD is having difficulty gaining solid momentum amidst various economic signals. A weaker market sentiment is constraining Australia, while a declining USD offers some support. China’s retail sales grew by 5.1% year-on-year in April, a decline compared to the 5.5% forecast after March’s 5.9% growth. The AUD/USD pair is beginning the week on a subdued […]
AUD/USD rises to around 0.6450 after Anthony Albanese secures a second term as Australia’s Prime Minister – FXStreet
The AUD/USD is expected to rise to around 0.6450 during Monday’s opening in the Asian market. Albanese secured his second term as prime minister in the federal elections held on Saturday. The US non-farm payrolls (NFP) showed a growth of 177,000 in April, exceeding expectations. The AUD/USD pair is gaining strength, likely reaching near 0.6450 […]
AUD/USD jumps to near 0.6230 as US Dollar tumbles, upside remains capped – FXStreet
The Australian rebounded at about 0.67%, lifting the pair towards 0.6245, under the negative outlook last week. The Federal Reserve is betting firmly after softening US personal spending data. President Donald Trump will repeat that he will double China's tariffs to 20%. The tariff stalemate has expanded to Mexico and Canada, with no negotiations, according […]
AUD/USD recovers above 0.6200 on upbeat Chinese PMI data – FXStreet
The AUD/USD will rebound to around 0.6215 in the initial Asian session on Monday. China's NB was stronger than expected in February. Trump said he would impose an additional 10% tariff on China. The AUD/USD pair recovers the lost ground to nearly 0.6215 and snaps a six-day losing streak during the early Asian session on […]