Aussie

5 June 2024
Path for a lower dollar as economic data deteriorates

Key points: US economic data shows a decline, impacting the USD. ECB rate cut and Swiss Franc performance signal market shifts. The US dollar is experiencing downward pressure as recent economic data reveals a series of setbacks. The GDPNow forecast, …

3 June 2024
Week ahead: Wall Street sees declines as treasury yields rise

Wall Street endured a tough week, marked by significant declines driven by rising Treasury yields and hawkish comments from Federal Reserve officials. The market sentiment was further dampened by higher-than-expected inflation data from Germany and Australia, escalating global inflation concerns. …

30 May 2024
Aussie, Kiwi steady after setback from U.S. bond yields surge

Key points: Aussie pinned at $0.6605: After retreating from $0.6667, the AUDUSD faces immediate support at $0.6592 and resistance at $0.6680. Kiwi eases to $0.6108: With resistance at $0.6170 and support around $0.6084, the NZDUSD reflects cautious trading. The Australian …

28 May 2024
Aussie rises as investors await inflation data 

Key points:  Australian dollar appreciates past $0.665, marking a three-day winning streak.  Domestic inflation figures and cautious retail sales data influence interest rate outlook.  Market bets on the Reserve Bank of Australia maintaining high rates longer.  The Australian dollar (AUD) …

15 May 2024
Aussie climbs as China considers buying unsold homes

Key points: China’s proposal to buy unsold homes lifts AUD/USD as the country attempts to support its struggling property market. This move is also positively affecting other major currencies like EUR, NZD, GBP, and CAD against the USD. China is …

Back To Top
Chatbots