Australian Dollar rises slightly following improved Trade Balance figures
The Australian dollar rises following the release of domestic trade balance data on Thursday. Australia’s trade surplus for June increased to 5,365 million, surpassing the forecast of 3,250 million. Trump hinted that he might apply more tariffs on China similar to those on Russian oil purchases. On Thursday, the Australian Dollar (AUD) strengthened against the […]
Australian Dollar continues to rise as the US Dollar falls to new weekly lows.
The AUD/USD has continued its upward trend for the second consecutive day, pushing past the key level of 0.6500 due to a weakening US dollar. Uncertainty is rising regarding the Federal Reserve’s leadership, as President Trump has appointed a replacement for Governor Adriana Kugler, who is stepping down, leading to speculation about potential candidates. Following […]
EUR/USD rises as concerns about Fed independence weaken Dollar confidence
EUR/USD climbs over 0.50% as traders adjust expectations for rate cuts and the political environment surrounding the Fed. Trump aims to nominate a replacement for Federal Reserve Governor Coogler by the week’s end. Fed officials Collins and Cook emphasize economic uncertainty and lackluster employment data, advocating for a cautious approach. Kashkari from the Minneapolis Fed […]
US Dollar Index (DXY) moves down to 98.50 as uncertainty surrounds the next Fed Chair
The dollar continued to decline on Wednesday, as focus shifted to potential candidates for Fed Chairman. Trump is likely to nominate someone aligned with his agenda, which seeks broader support for lower fees. Weak US economic data has reignited concerns about stagflation. On Wednesday, the US dollar was trading lower, influenced by recent macroeconomic data […]
EUR/USD stabilizes near 1.1570, follows fluctuating US Dollar.
The EUR/USD is currently hovering around 1.1570, with investors eagerly anticipating the Fed Chairman’s announcement. President Trump has confirmed he will soon introduce tariffs targeting semiconductors and chips. Investors are also waiting for the retail sales data for the eurozone for June. The EUR/USD pair is expected to remain relatively stable at around 1.1570 during […]
Australian Dollar rises as US Dollar softens from cautious Fed policy perspective
The Australian dollar is set to gain more appeal as the outlook for risk improves, coinciding with a rising likelihood of a Federal Reserve rate cut in September. Australia’s AI Group Manufacturing PMI saw a rise of 4.9 points, while the industry index climbed 5.8 points in July. Trump is likely to reveal candidates for […]
US Dollar Index shows slight increases above 98.50 as traders look forward to the new Fed Governor.
The US Dollar index is expected to hold around 98.80 during Wednesday’s Asian trading session. Trump has taken Scott Bescent off his list of nominees and will announce a new Federal Reserve Chairman soon. Traders are likely to anticipate a Federal Reserve rate cut in the near future. The US Dollar Index (DXY), which measures […]
Euro holds onto its gains as the US Dollar dips following weak Services PMI.
The euro made a slight gain against the US dollar on Tuesday, even as investor sentiment remained cautious and momentum weakened. Recent US data offers a mixed view: while the S&P Global PMIs indicate resilience, the ISM services PMI shows a drop, highlighting concerns in employment and new orders. In the eurozone, although final PMI […]
US Dollar Index steadies above 98.50 as US PMI signals show mixed results
The US dollar index has stabilized above 98.50 after bouncing back from a drop following the non-farm payroll report last Friday. S&P Global Composite and Services PMIs exceeded expectations, indicating ongoing strength in the private sector. The ISM Services PMI dipped to 50.1, showing signs of weaker demand and employment than anticipated. The US Dollar […]
Australian Dollar stays low while US Dollar remains steady before ISM Services PMI report.
Even with positive domestic S&P PMI data, the Australian dollar faces pressure. China’s Caixin Services PMI rose unexpectedly to 52.6 in July, compared to the forecasted 50.2. Governor Adriana Kugler’s resignation offered Trump an earlier chance to sway the central bank’s direction. The Australian Dollar (AUD) is experiencing a downturn for the second consecutive day, […]