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 […]
AUD/USD slumps to near 0.6220 on soft Aussie CPI, Fed policy in focus – FXStreet
Aud/USD has decreased to nearly 0.6220 due to soft Australian CPI data boosting RBA Dovish betting. The Australian CPI in the same period of the previous year rose at a slow pace of 2.4 % in the last quarter of 2024. The Fed is sure to announce a suspension with a spell that extends the […]
AUD/USD holds below 0.6150 on bullish US Dollar, stronger US NFP report – FXStreet
In early Asian trading on Monday, AUD/USD weakened to around 0.6145. U.S. nonfarm payrolls increased by 256,000 in December. The unemployment rate fell to 4.1%. Concerns about China's economic downturn are weighing on Australia. Early in Monday's Asian session, the AUD/USD pair remained defensive around 0.6145. US job growth in December was better than expected, […]
AUD/USD weakens to near 0.6200 amid thin trading – FXStreet
In early Asian trading on Friday, AUD/USD weakened to around 0.6215. President Trump's policies continue to support the US dollar as Fed bets on interest rate cuts decline. RBA minutes revealed that the board has increased confidence in inflation, but risks remain. Early in Friday's Asian session, the AUD/USD pair remained defensive around 0.6215. The […]