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Michael Phelps responds to Australian trash talk

Michael Phelps has responded to an insult made by an Australian swimmer who said he was glad he didn’t have to hear “The Star-Spangled Banner” after beating the United States at the world championships. Kate Campbell, a four-time Olympian for Australia, was being interviewed about the country’s medal total compared to the United States in […]

Australian Dollar extends decline following mixed China's economic data – FXStreet

In Asian markets on Monday, the Australian dollar continued to fall as the US dollar strengthened. A hawkish Fed stance and challenges in China’s economic recovery are weighing on AUD/USD. Attention will be on the Reserve Bank of Australia’s (RBA) interest rate decision on Tuesday, although no changes to rates are expected. The Australian dollar […]

Australian securities exchange approves its first spot Bitcoin ETF – Cointelegraph

Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has approved its first spot Bitcoin exchange-traded fund (ETF), which is set to begin trading on June 20. According to a press release shared with Cointelegraph by investment firm VanEck, the company will be launching a spot bitcoin ETF, the VanEck Bitcoin ETF (VBTC). This comes […]

Australian Dollar appreciates despite lower GDP Q1 – FXStreet

The Australian dollar rose on Wednesday on a risk-on mood. Australia’s first-quarter GDP grew 0.1% from the previous quarter, below expectations of 0.2%. Caixin China Services PMI rose to 54.0 in May, marking the 17th consecutive month of expansion in services activity. The US dollar could rebound due to rising US Treasury yields. The Australian […]

Australian Dollar advances amid risk-on mood, light trading – FXStreet

The Australian dollar strengthened on risk-advanced sentiment after the UoM’s five-year inflation expectations softened on Friday. The Australian share price rose above 7,770, following Wall Street’s gains from Friday. The US dollar weakened after the Gulf Coast University’s May 5-year consumer inflation expectations dropped to 3.0% from an expected 3.1%. The Australian dollar (AUD) rose […]

Australian Dollar remains steady after RBA Minutes – FXStreet

The Australian dollar strengthened on Tuesday as risk appetite improved. Australia’s consumer confidence index fell 0.3% from the previous month in May, marking the third consecutive month of decline. The RBA minutes indicated that future changes to the cash rate would be difficult to determine or even rule out. Rising US bond yields are contributing […]