Tag: Australian Dollar
AUDUSD Drops to 2-month Low: Expert Analysis and Forecast
AUDUSD has been on a downward trend since July 11, dropping to its lowest level since May 1. The pair has broken both its 50- and 200-day simple moving averages, indicating a bearish market...
Australian Dollar Strengthens after Positive PPI Data
The Australian Dollar showed strength against the US Dollar after positive Producer Price Index (PPI) data was released. The PPI in Australia rose by 4.8% Year-on-Year in the second quarter, surpassing the previous quarter’s...
Australian Dollar Weakens Due to Falling Commodity Prices and Risk-Aversion
In the recent trading session, the Australian Dollar (AUD) experienced a slight uptick against the US Dollar (USD), with AUD/USD reaching 0.65515 following a period of intense selling pressure. This recovery comes amidst concerns...
AUD/NZD Surges as RBNZ Signals Dovish Shift
The AUD/NZD pair saw a significant surge to 1.1090, reaching multi-year highs, following the recent decision by the Reserve Bank of New Zealand (RBNZ). The RBNZ opted to keep the Official Cash Rate (OCR)...
Australian Dollar Stable After China CPI Data: Analysis and Insights
The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the US Congress. Powell’s remarks indicated that the Fed remains cautious...
Australian Dollar Strengthens as China’s Manufacturing PMI Beats Expectations
The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2 in June, the fastest decline since May 2020. This negative...
Australian Dollar Strengthens as RBA Hawkishness Outweighs Weak US PCE Data
The Australian Dollar (AUD) saw a rise against the US Dollar following a decrease in US inflation in May. This unexpected reduction in inflation led to speculations of a possible dovish stance from the...
Australian Dollar Weakens as PMI Data Disappoints
The Australian Dollar has been facing significant declines recently due to fading RBA gains and disappointing PMI data. The AUD/USD pair has been testing key support levels, with selling pressure originating from Asian markets...
Australian Dollar: On Defensive Near 0.6600 as Fed Plans Rate Cut
The Australian Dollar (AUD) continued its decline for the third day in a row on Monday, mainly due to the strengthening US Dollar (USD). This decline is a result of the expectation that US...
Australian Dollar weakens ahead of RBA decision
The Australian Dollar (AUD) weakened against the US Dollar (USD) as markets anticipated the Reserve Bank of Australia's (RBA) decision next week. Despite strong labor market data from Australia earlier in the week, the...