AUD
AUD, Market Analysis, MXN, Technical Analysis
FX Market Update: Mexican Peso Slides 1.23% as Swedish Krona Leads Currency Gains
Foreign exchange markets show mixed performance, with the Mexican peso recording the largest decline in the latest currency snapshot, falling 1.23%. The Brazilian real also weakens by 0.59%, while the Australian dollar loses 0.37%. The US Dollar Index declines 0.32%, indicating softer performance by the dollar against its basket of major currencies. On the positive […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis, Technical Analysis
Australian Dollar edges higher above 0.7050 as hot CPI lifts RBA rate hike odds
The AUD/USD pair gathers strength to near 0.7055 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter inflation data bolsters expectations of Reserve Bank of Australia (RBA) rate hikes. The US September Personal Consumption Expenditures (PCE) inflation report will be in the spotlight later […]
by Currency Hedger
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- 2 weeks ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Softens below 111.50, retaining bearish bias under the 100-day SMA
The AUD/JPY cross trades in negative territory around 111.25 during the early European session on Thursday. Markets could turn cautious later in the day ahead of Tokyo’s Consumer Price Index (CPI) inflation report and the Bank of Japan (BoJ) interest rate decision on Friday. The BoJ is expected to leave interest rates unchanged at 1.25% […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis, Technical Analysis
AUD/USD Price Forecast: Trims hot Aussie CPI-led gains; holds above 0.7000 ahead of Fed
The AUD/USD pair trims a part of its intraday gains to a fresh one-month high, touched during the Asian session on Wednesday in reaction to hot Australian consumer inflation figures. Spot prices, however, retain a positive bias for the second straight day and currently trade around the 0.7030 region, up just over 0.10% for the […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis
AUD/JPY strengthens as hot inflation data boosts RBA rate hike bets
AUD/JPY extends its gains for the fourth successive day, trading around 111.30 during Asian hours on Wednesday. The currency cross gains support as the Australian Dollar (AUD) receives support following the release of the domestic Consumer Price Index (CPI) report. Australia’s CPI inflation rose to 4.3% year-over-year in September, up from 4.0% in August and […]
by Currency Hedger
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- 2 weeks ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Holds gains above 110.50, but bearish outlook persists below 100-day SMA
The AUD/JPY cross trades in positive territory around 110.75 during the early European trading hours on Tuesday. Hawkish tone from the Reserve Bank of Australia (RBA) provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY). Australia’s September inflation data will be the highlight later on Wednesday. On Friday, the Bank of […]
by Currency Hedger
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- 2 weeks ago
AUD, Market Analysis, Technical Analysis
Australian Dollar Holds Near Four-Week Highs as CPI Inflation Could Trigger Another RBA Rate Hike
The Australian dollar is holding steady around US$0.70, remaining close to four-week highs as investors await Australia’s latest consumer price index (CPI) figures. The inflation report could prove decisive for interest-rate expectations, with persistent price pressures potentially strengthening the case for another Reserve Bank of Australia (RBA) rate hike. Underlying inflation is expected to rise […]
by Currency Hedger
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- 2 weeks ago
AUD, JPY, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Declines below 110.50 as bearish bias persists below 100-day SMA
The AUD/JPY cross trades in negative territory around 110.35 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as hawkish language may reinforce expectations that the Bank of Japan (BoJ) will raise interest rates this year. The majority of economists polled by Reuters expect a rate hold […]
by Currency Hedger
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- 3 weeks ago
AUD, Market Analysis, Technical Analysis
Australian Dollar holds above 0.7000 vs recovering USD; remains close to monthly top
The AUD/USD pair struggles to capitalize on the previous day’s bounce from sub-0.7000 levels and seesaws between tepid gains/minor losses during the Asian session on Friday. Nevertheless, spot prices seem poised to register strong weekly gains and remain close to the monthly high, touched on Thursday amid a supportive fundamental backdrop. The recent hawkish comments […]
by Currency Hedger
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- 3 weeks ago
AUD, Market Analysis, Technical Analysis
AUD/JPY Price Forecast: Edges lower to near 110.50, sustains modestly bearish outlook
The AUD/JPY cross trades in negative territory around 110.60 during the early European trading hours on Thursday. Hawkish remarks from Japanese authorities provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD). Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Wednesday that underlying inflation is moving securely toward the central […]
by Currency Hedger
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- 3 weeks ago