AUD/USD remains subdued for the third successive session, trading around 0.6550 during the Asian hours on Friday. The pair moves little following the release of China’s NBS Purchasing Managers’ Index (PMI) data. It is important to note that any shift in China’s economic conditions could also affect the Australian dollar (AUD), given the close trade ties […]
AUD
AUD
AUD
30
Oct
Oct
Australian Dollar holds gains following Trump-Xi meeting
AUD/USD gains ground after recovering its recent losses registered in the previous session, trading around 0.6590 during the Asian hours on Thursday. The Australian Dollar (AUD) holds ground against the US Dollar (USD) following the highly anticipated meeting between US President Donald Trump and China’s President Xi Jinping in South Korea. Any shift in China’s economic […]
29
Oct
Oct
Chart of The Day – AUD/USD
AUDUSD gains 0.25% on the back of Australia’s strongest CPI inflation data in over a year, which reduces the likelihood of further rate cuts. Hawkish expectations toward the Reserve Bank of Australia (RBA), coupled with a broader risk-on sentiment and renewed optimism over a potential U.S.-China trade peace, are making the Australian dollar the best-performing G10 […]
29
Oct
Oct
Australian Dollar holds gains as domestic inflation rises in Q3
The Australian Dollar (AUD) advances against the US Dollar (USD) on Wednesday following the release of Australia’s Consumer Price Index (CPI) data. Additionally, the AUD/USD pair receives support from decreasing bets on rate cuts by the Reserve Bank of Australia (RBA). Australia’s Consumer Price Index rose 1.3% quarter-over-quarter (QoQ) in the third quarter (Q3), compared […]
29
Oct
Oct
AUD/JPY gathers strength above 100.00 on hot Australian CPI inflation data
The AUD/JPY cross trades in positive territory near 100.30 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on the hotter-than-expected Australian inflation data. The Bank of Japan (BoJ) interest rate decision will take center stage later on Thursday. Data released by the Australian Bureau of Statistics […]
28
Oct
Oct
AUD/JPY Price Forecast: Crucial upside barrier emerges near 100.00
The AUD/JPY cross slumps to around 99.55 during the early European session on Tuesday. The Japanese Yen (JPY) edges higher against the Australian Dollar (AUD) after US President Donald Trump and Japan’s Prime Minister Sanae Takaichi on Tuesday signed a framework for securing the supply of critical minerals and rare earths. The Australian Consumer Price […]
28
Oct
Oct
Australian Dollar holds gains as US Dollar declines on Fed rate cut bets
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday for the second successive session. The AUD/USD pair gained ground due to decreasing rate cut bets by the Reserve Bank of Australia (RBA). Markets are now assigning only a 15% probability to a rate cut next week, a steep drop from 60% earlier, following […]
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