The Australian Dollar (AUD) has taken a hit against the US Dollar (USD) following the Reserve Bank of Australia’s (RBA) decision to maintain its cash rate at 4.10%, as widely anticipated by market experts. Governor Philip Lowe, who is set to retire in just two weeks, presided over this critical monetary policy decision. Lowe’s statement […]
The Australian dollar (AUD) finds itself grappling with a myriad of challenges as it strives to stave off further depreciation against the US dollar (USD). Meanwhile, the USD is caught in a delicate balancing act, navigating mixed signals emanating from the global economic landscape and the Federal Reserve’s policy decisions. Last week, the US stock […]
The Australian Dollar (AUD) embarked on a rollercoaster ride last week, exhibiting a turbulent pattern of trading before eventually succumbing to a two-month low. The catalyst for this dramatic descent was none other than Fitch Ratings, whose decision to downgrade the United States’ sovereign credit rating from AAA to AA+ sent shockwaves throughout the global […]
The Australian dollar has been on a roller-coaster ride recently, facing pressure from various economic factors. The lingering bearish sentiment appears to remain unabated after the AUD/USD pair resumed its losing ways today. This comes after a bout of depression triggered by the release of Chinese GDP data. Investors were closely watching the situation, and […]
The Australian dollar is encountering downward pressure in today’s market against the US dollar (DXY), despite the relatively stable performance of the greenback as indicated by the DXY index. This decline can be attributed to initial apprehensions surrounding the Chinese economy. This apprehension was triggered by the People’s Bank of China’s (PBoC) decision to cut […]
In a surprising turn of events, the Australian dollar stood its ground despite a slight miss on the trade balance data. Market attention quickly shifted toward the recent interest rate decisions made by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC). Both central banks caught investors off guard by raising their […]
The Australian dollar (AUD) took investors on a thrilling ride yesterday as it fluctuated around the 0.6500 handle following significant progress in the United States debt ceiling legislation. In a remarkable display of bipartisan cooperation, Republicans and Democrats united to push the deal through the House, resulting in a decisive 314–117 split in favor of […]
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 has been making decent headway as it continues to soar in value against the US dollar. The reason for the latest rally can be attributed to the disappointing US PPI final demand data, which fell short of the estimated 3.0% year-on-year figure for the end of March, settling instead at 2.7%. Furthermore, […]
