Tag Archives: aud/usd

The USD Index (DXY) declined from recent highs during the week’s bearish opening, although it continued to trade over the 104.00 mark. The Conference Board’s tracking of US Consumer Confidence, together with the FHFA’s House Price Index and Durable Goods Orders, will be the main topics of interest on March …

The Federal Reserve’s decision to hold rates unchanged and to adhere to the US monetary policy projection from the previous year, which suggests 75 basis points (bps) of rate cuts in 2024, caused the Australian dollar to leap 0.83% against the US dollar on Wednesday. The pair trades at 0.6595, …

After Tuesday’s abrupt decline, gold prices soon resumed their upward trajectory, on Wednesday, with the immediate goal being the all-time high, which is located little below $2,200 per ounce. Gold closed the North American session at $2175.60 per ounce.The US weekly crude oil and petrol stockpiles unexpectedly declined, and rising …

The Australian dollar rose after the Reserve Bank of Australia (RBA) considered rate cuts. The RBA held rates steady, but investors will be watching the Federal Open Market Committee’s latest Meeting Minutes on Wednesday to determine the US Fed’s proximity to cutting interest rates.The RBA’s internal dialogue appears to lean …

Amid persistent rumours on a Fed interest rate cut in May, growing geopolitical concerns, and some comments implying that the ECB is not in a haste to start reducing rates, shifting trends in risk appetite ruled the mood across traded assets.In the midst of further repricing of an interest rate …

The AUD/USD pair is moving sideways near 0.6520 in the early Asian session, with Fed officials’ comments not significantly impacting the market. Future market traders expect the first rate cuts for the Reserve Bank of Australia to occur in September, rather than August. The pair consolidates above the 0.6500 psychological …

The US dollar’s correction caused the USD Index (DXY) to retreat from its previous annual highs, which were located at 104.60, in the face of similarly low US yields. On February 7, a number of Fed speakers, including Kugler, Collins, Barkin, and Bowman, will be speaking along with the Balance …

While Gold prices remained stuck in their current consolidative range, Silver prices rebounded further and clinched their third straight day of gains, this time flirting with the $23.00 mark per ounce.Firmer-than-expected US GDP figures have provided support to the US Dollar and further reinforced the already resilient stance of the …

The AUD/USD saw a loss of 0.30% and dropped below the 0.6700 mark. Declining US CPI in December reduced dovish Fed bets. The pair’s downside is constrained because there is a good chance the Fed will lower rates in March.On Thursday, the Australian dollar declined in value relative to the …

The AUD/USD pair experienced an upward spike of 0.70% as it rose towards the 0.6775 level. The US’s Q3 GDP growth was lowered down from 5.2% to 4.9%, reflecting a slower-than-expected rate of economic activity.The US dollar was under further pressure after the 5-year and 10-year US Treasury rates fell …