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The AUD/USD pair drops to a one-and-a-half-week low during the Asian session on Wednesday and currently trades around the 0.7135 region, down for the second straight day. The initial market reaction to Australia’s better-than-expected Q2 GDP print fades rather quickly amid some follow-through US Dollar (USD) buying, bolstered by rising US Federal Reserve (Fed) rate hike bets and escalating US-Iran tensions. […]
AUD/USD gains ground for the second consecutive day, trading around 0.7170 during the Asian hours on Tuesday. The pair appreciates as the Australian Dollar (AUD) remains stronger following the release of Chinaโs RatingDog Manufacturing Purchasing Managersโ Index (PMI), which climbed to 51.5 in August from 50.9 in July. The market forecast was for a 50.9 […]
The AUD/USD pair attracts some buyers in the vicinity of mid-0.7100s at the start of a new week, stalling Friday’s retracement slide from its highest level since mid-May. Spot prices, however, lack bullish conviction and remain below the 0.7200 mark through the Asian session. The US Dollar (USD) trades with a mild negative bias below […]
The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as Japanโs annual core Consumer Price Index (CPI) inflation in Tokyo rose for a third consecutive month in August, reinforcing expectations that the Bank of Japan (BOJ) could raise interest rates as […]
The AUD/NZD cross turns positive for the fourth straight day following an intraday fall to the 1.2065 area and climbs to a fresh high since July 9 during the Asian session on Monday. Spot prices, however, struggle to build on the momentum and currently trade just above the 1.2100 mark as traders seem hesitant ahead […]
The Australian dollar held below $0.72 but remained near its highest level since early June and on track for its second consecutive monthly gain amid growing odds of an imminent interest rate hike. Markets now priced in a 52% probability that the fourth rate hike this year could come as soon as next month, up […]
The Australian Dollar (AUD) ticks higher for the fourth consecutive day against the US Dollar (USD) as investors brace for theย Federal Reserveย (Fed) Chairman Kevin Warshโs speech at the Jackson Hole Symposium, due later on Friday. Theย AUD/USDย pair hit session highs at 0.7205 earlier on the day, its highest level since mid-May, although it is trading at […]
AUD/USD extends its gains for the third successive day, trading around 0.7180 during the Asian hours on Thursday. The pair continues to trade with a bullish bias as the Australian Dollar (AUD) maintains its strength, showing resilience despite domestic Private Capital Expenditure falling 3.6% in the second quarter, sharply missing expectations of a flat reading after […]
The AUD/JPY cross trades in positive territory near 114.45 during the early European trading hours on Thursday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) as hotter-than-expected Australian Consumer Price Index (CPI) inflation data has bolstered market expectations for a Reserve Bank of Australia (RBA) interest rate hike. Traders are repricing the risk […]
AUD/USD gains ground after registering modest losses in the previous day, trading around 0.7150 during the Asian hours on Tuesday. The Reserve Bank of Australia (RBA) released the Minutes from its July monetary policy Meeting on Tuesday, signaling that the Board remains prepared to hike interest rates should upside inflation risks materialize. While several members expressed concern that […]
