Aussie

20 August 2024
Dollar hits seven-month low on rate cut expectations; Powell’s speech in spotlight

On Tuesday, the U.S. dollar hovered near its lowest point in seven months, driven by increasing expectations that the Federal Reserve may begin cutting interest rates as soon as next month.

19 August 2024
U.S. dollar steady as markets await FOMC minutes and Powell’s remarks

The U.S. dollar struggled to gain momentum on Monday, trading within a tight range against its major peers. Investors are holding their breath as they await key events later this week that could offer new insights into the future path …

15 August 2024
Australian dollar gets jobs boost, Kiwi feels rate pain

The Australian dollar (AUD) experienced a modest uplift on Thursday, touching $0.6609, following an unexpected surge in employment figures. The 58,200 jobs added in July far surpassed market forecasts of a 20,000 gain, indicating a resilient labour market despite broader …

13 August 2024
Australian dollar faces resistance while kiwi advances awaiting rate decision

The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.

7 August 2024
Australian dollar rises on hawkish hold from the RBA 

The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.

2 August 2024
Australian and New Zealand dollars face pressure from US growth concerns

Key points: Australian dollar near three-month lows amid U.S. slowdown fears. New Zealand dollar holds steady, supported by favourable inflation data. The Australian dollar remained near three-month lows on Friday. Weak U.S. data has increased fears of a sharp slowdown …

1 August 2024
Aussie and Kiwi hold steady as bond rally fuels rate cut hopes

The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.

31 July 2024
Australian dollar drops to 3-month low as market anticipates rate cuts

The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.

23 July 2024
Aussie and kiwi dollars struggle on China rate cuts; dollar drifts

The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.

18 July 2024
AUD directionless after mixed jobs report & rate hike uncertainty

AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.

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