AUD/USD trades with mild gains above 0.6650, all eyes on US NFP data – FXStreet
In early Asian trading on Friday, AUD/USD was trading modestly higher around the 0.6670 level. Weak U.S. employment data this week has led to growing expectations that the Fed will cut interest rates in September. The RBA’s Bullock said the central bank would not hesitate to raise interest rates again if inflation remained high. In […]
AUDUSD Technical Analysis – What changed after the RBA? – ForexLive
The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the Fed may […]
AUD/USD rises to two-day high ahead of Aussie CPI – FXStreet
The AUD/USD pair extended its gains following the disappointing US S&P global PMI, suggesting the possibility of Fed easing. The U.S. dollar has weakened as U.S. Treasury yields have fallen and stock markets have reacted positively to a possible change in Fed policy. Upcoming Australian CPI data may influence the Reserve Bank of Australia’s policy […]