The Australian Dollar rises as the RBA intends to maintain a restrictive monetary policy. The RBA Meeting Minutes indicated that the board remains vigilant about the potential for further inflation. A Reuters poll indicated that nearly 90% of economists anticipate a 25bps cut in December. The Australian Dollar (AUD) retraces its recent losses on Thursday, […]
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AUD/JPY gains ground due to uncertainties regarding the future BoJ interest rates outlook. BoJ’s Summary of Opinions highlighted divisions among policymakers regarding the timing of future rate hikes. The Australian Dollar faced challenges as China’s latest stimulus measures fell short of investors’ expectations. AUD/JPY retraces its recent losses from the previous session, trading around 101.20 […]
Australia TD-MI Inflation Gauge (YoY): 3% (October) vs 2.6% Source link
The Australian Dollar loses ground despite the hawkish RBA’s policy outlook. The AUD inches lower as the US Dollar appreciates amid less-dovish sentiment surrounding the Fed. CME FedWatch Tool suggests a 97% chance of a 25-basis-point rate cut by the Fed in November. The Australian Dollar (AUD) edged lower against the US Dollar (USD) on […]
The Australian Dollar remains stronger after the release of Purchasing Managers Index data on Thursday. Australia’s Judo Bank Services PMI inched up to 50.6 in October, marking its ninth consecutive month of expansion. Fed Beige Book report indicated that economic activity was “little changed in nearly all Districts.” The Australian Dollar (AUD) edges higher against […]
The Australian Dollar appreciates following the PBoC’s rate cuts on Monday. The PBoC has reduced the 1- and 5-year Loan Prime Rates to 3.10% and 3.60%, respectively. The Aussie Dollar appreciated as domestic upbeat labor data has lowered the odds of a RBA’s rate cut this year. The Australian Dollar (AUD) extended its winning streak […]
The Australian Dollar depreciated as China’s fiscal stimulus plan failed to boost the market sentiment. The ANZ-Roy Morgan Consumer Confidence index remained steady at 83.4 this week. The US Dollar receives support from the fading likelihood of further bumper rate cuts by the Fed. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) […]
The Australian Dollar remains under selling pressure in Thursday’s Asian session. The firmer USD and lack of further China’s stimulus measures drag the pair lower. The US CPI inflation data will be in the spotlight on Thursday. The Australian Dollar (AUD) extends its decline on Thursday. The stronger US Dollar (USD) amid rising speculation of […]
Australia CFTC AUD NC Net Positions: $14.5K vs $-11.2K Source link
The Australian Dollar marks a fresh nine-month high of 0.6859 level following RBA’s policy decision. The Reserve Bank of Australia decided to maintain its Official Cash Rate at 4.35% in September. The US Dollar faces challenges as Fed policymakers project additional rate cuts in 2024. The Australian Dollar (AUD) appreciated against the US Dollar (USD) as […]
The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty over the scale of the Fed rate cut. The Australian Dollar (AUD) inches […]
