The Australian dollar experienced a bit of a stumble as the latest jobs report fell short of expectations, resulting in an uptick in the unemployment rate. This unexpected turn of events might provide some respite from soaring prices and could potentially dissuade the Reserve Bank of Australia (RBA) from considering an interest rate hike in […]
The Australian dollar (AUD) has been in the news lately as investors watch for signs of movement in the Chinese economy. You see, China is a big importer of Australian commodities, which makes the AUD particularly sensitive to economic data coming out of the country. Earlier today, the AUD was looking to the economic calendar […]
After the release of critical economic data in the United States, which, while encouraging, failed to support the USD, the Australian Dollar (AUD) rose versus the greenback. In addition, a services PMI survey fell into a contractionary zone, escalating fears of a US recession. The AUD/USD pair currently trades at 0.6863 at the time of […]
Despite the stock market regaining some level of stability, the Australian dollar, Kiwi, and Loonie currently exhibit notable weakness, as the AUD/USD falls to the 0.6870 area. This weakness comes as a commodity and energy prices drop amid recession fears, dragging the commodity-based currencies lower. Copper currently trades at its lowest level since March 2021, […]
The Australian dollar recorded a mild uptick in the London session on Tuesday following comments from Reserve Bank of Australia (RBA) Governor Philip Lowe hinted at more rate hikes. However, persisting fears of a crawling global growth and worsening inflation limited gains for the Aussie. Currency investors remain doggedly focused on central bank statements and […]
The Australian dollar slumped to a two-year low against the US dollar in the Asian session on Tuesday, as commodities-tied currencies tumble amid fears of slowing global economic recovery. The Aussie slumped to the 0.6910 level after shedding 1.7% earlier today, its lowest point against the greenback since July 2020. Commenting on the recent price […]
