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Tag Archives: Aussie

Aussie rises as investors await inflation data 

Key points:  The Australian dollar (AUD) climbed past $0.665 on Monday, marking its third consecutive session of gains. Market participants are bracing for upcoming domestic inflation figures, which could significantly influence the interest rate outlook. The appreciation of AUD is also supported by a broad pullback in the US dollar (USD) and strong carry demandContinue Reading

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Aussie climbs as China considers buying unsold homes

Key points: China is contemplating a policy move where local governments would purchase millions of unsold homes. This initiative aims to stabilise the distressed real estate sector, which has seen home sales plummet by nearly 50%, leaving a vast inventory of unoccupied properties. Australian dollar rises on optimism Picture: The AUD/USD pair is moving upwards.Continue Reading

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