The AUD/USD pair appreciates as US data reinforce the likelihood of an aggressive Fed rate cut next week. The US Producer Price Index rose above expectations, driven by higher service costs. Fed is expected to deliver a 25-basis points interest rate cut at its September meeting. The AUD/USD extends its upside for the third successive […]
AUD/JPY loses gains as BoJ’s Ueda indicated no change in policy easing stance if the upcoming data align with forecasts. BoJ Governor Ueda stated that he is not considering selling long-term Japanese government bonds as a tool for adjusting rates. The Australian Dollar receives support from the improved risk aversion ahead of the Fed Powell’s speech. […]
The Australian Dollar may advance its gains as RBA Minutes indicated current cash rates for longer. RBA’s August Meeting Minutes suggested that a rate cut is unlikely soon. The US Dollar may receive support from caution ahead of the FOMC Minutes release on Wednesday. The Australian Dollar (AUD) holds ground, aiming to extend its gains […]
The Reserve Bank of Australia (RBA) published the Minutes of its August monetary policy meeting on Tuesday, highlighting that the board members considered a case to raise rates but decided that a steady outcome would better balance the risks. The central bank further stated that the cash rate might have to stay steady for an “extended period.” […]
The Australian Dollar appreciates as the RBA may increase rates again if needed. The safe-haven flows may limit the upside of the AUD amid escalated Middle-East tensions. Fed Governor Michelle Bowman suggested that the US central bank may not be prepared to cut rates in September. The Australian Dollar (AUD) retraces its recent losses against […]
The Australian Dollar appreciates after the release of higher Producer Price Index figures. Australia’s PPI rose by 4.8% YoY in Q2, against the previous quarter’s reading of 4.3%. The US Dollar received support due to increased risk aversion amid raised concerns about the US economy. The Australian Dollar (AUD) recovers its daily losses against the […]
The Australian Dollar declines after the release of CPI data. Australia’s Monthly CPI rose by 3.8% YoY, easing from the 4.0% posted in May. The US Dollar extends losses ahead of the Fed interest rate decision scheduled for Wednesday. The Australian Dollar (AUD) falls against the US Dollar (USD) after the release of mixed Consumer […]
The Australian Dollar improves on price recovery of commodities like coal and copper. PBOC’s unexpected lending rate cuts lead to higher commodities prices. The US Dollar may appreciate as recent US economic data have reduced the Fed’s rate cut expectations for September. The Australian Dollar (AUD) halts its nine-day losing streak against the US Dollar […]
The Australian Dollar gains ground due to expectations that the RBA might lag in the global rate-cutting cycle. Australia’s 10-year government bond yield rises to near 4.4% as foreign investors seek protection from political uncertainties. Fed Chair Powell is scheduled to deliver “The Semiannual Monetary Policy Report” to the US Congress on Tuesday. The Australian […]
Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy seems to be driving demand off the Aussie. In Friday’s session, the Australian Dollar (AUD) intensified its losses against its peers. The AUD/USD duo has been testing its notable […]
AUD/USD continues its decline as markets gear up for RBA’s decision next week. Federal Reserve’s projection of higher interest rates continues to bolster USD. Australian calendar was empty on Friday, and USD suffers minimal intraday losses on soft UoM figures. The Australian Dollar (AUD) experienced additional losses against the US Dollar (USD) despite strong labor […]
The Australian Dollar gains ground as the RBA is expected to keep higher rates for longer. The Australian Dollar may see limited upside due to softer-than-expected inflation data from its trade partner, China. The US Dollar remains strong as the Fed is expected to keep rates steady in the range of 5.25%-5.50% on Wednesday. The […]
