AUD
AUD
Australian Dollar Holds at 4-Month Top
The Australian dollar held above $0.72, near a four-month high as growing expectations of another interest rate hike by the Reserve Bank continued to support the currency, while the US dollar remained broadly weaker. The greenback struggled to sustain the brief lift it received from a ramp-up in US rate hike bets following Friday’s blowout […]
by Currency Hedger
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- 4 weeks ago
AUD, JPY, Technical Analysis
AUD/JPY Price Rebounds above 112.50, while staying constrained below 100-day SMA
The AUD/JPY cross trades in positive territory near 112.80 during the early European trading hours on Friday. However, the potential upside for the cross might be limited as traders ramped up bets on a Bank of Japan (BoJ) interest rate hike, boosting the Japanese Yen (JPY). BoJ board member Hajime Takata said on Wednesday that […]
by Currency Hedger
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- 4 weeks ago
AUD, Technical Analysis, USD
Australian Dollar strengthens on RBA hike odds
AUD/USD extends its gains for the third successive day, trading around 0.7210 during the Asian hours on Friday. The currency pair is gaining upward momentum as the Australian Dollar (AUD) finds firm support in robust economic growth data, which has heightened expectations of an imminent interest rate hike. Australia’s economy proved surprisingly resilient in the second […]
by Currency Hedger
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- 4 weeks ago
AUD, Technical Analysis, USD
AUD/USD Price Slides to over one-week low; 0.7125 confluence holds the key
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. […]
by Currency Hedger
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- 1 month ago
AUD, Technical Analysis, USD
Australian Dollar holds gains following stronger Chinese PMI data
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 China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI), which climbed to 51.5 in August from 50.9 in July. The market forecast was for a 50.9 […]
by Currency Hedger
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- 1 month ago
AUD, USD
AUD/USD Price Forecast: Holds above 0.7150 on soft USD; Fed/Iran risks curb upside
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 […]
by Currency Hedger
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- 1 month ago
AUD, JPY, Technical Analysis
AUD/JPY Price Declines to near 114.50, but maintains bullish tone above 100-day SMA
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 Japan’s 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 […]
by Currency Hedger
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- 1 month ago
AUD, NZD
Australian Dollar eases from July 9 high vs New Zealand Dollar; awaits Aussie GDP and RBNZ
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 […]
by Currency Hedger
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- 1 month ago
AUD, USD
Australian Dollar Set for 2nd Monthly Gain
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 […]
by Currency Hedger
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- 1 month ago
AUD, USD
Australian Dollar tests three-month highs above 0.7200 with all eyes on Fed’s Warsh
The Australian Dollar (AUD) ticks higher for the fourth consecutive day against the US Dollar (USD) as investors brace for the Federal Reserve (Fed) Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later on Friday. The AUD/USD pair hit session highs at 0.7205 earlier on the day, its highest level since mid-May, although it is trading at […]
by Currency Hedger
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- 1 month ago