Tag Archives: AUD

Financial markets on Wednesday remained focused on the the continued weakening of the US dollar, where the DXY dropped a further 0.6% to the 97.80s, where it now probes mid-March lows more than 1.5% below earlier weekly highs. Economic DataPrivate sector employment in the US rose by 455,000 in March, …

The dollar is likely to head higher in the coming months before weakening in the second half of the year as the outperformance of the US economy fades and investors’ risk appetite improves, according to Barclays Plc. While tighter monetary policy, a resilient US economy and demand for havens due …

The Australian dollar hit a five-month high of $0.7443 before settling around $0.744 on Tuesday, as investors price the chances of the Reserve Bank of Australia catching up with the Federal Reserve’s tightening. Previous hawkish comments by Federal Reserve Chairman Jerome Powell put pressure on the Australian dollar, with Powell …

The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …

Australian employment sped past expectations in February as activity recovered surprisingly quickly from an Omicron outbreak, driving unemployment down to lowest since 2008. The latest data do add to pressure for an early interest rate hike. Latest floods in New South Wales and Queensland have come after the February reference …

“Not yet at point where inflation sustainably in target,” said Reserve Bank of Australia (RBA) Governor Philip Lowe at the Australian Financial Review Business Summit on early Wednesday morning in Asia.Additional Quotes:“I recognise that there is a risk to waiting too long, especially in a world with overlapping supply shocks …

The AUD/USD pair slides for the second consecutive day, despite a vow of a risk-on market mood in the financial markets, spurred by an announcement of Ukraine not insisting on joining NATO. The AUD/USD is trading at 0.7280, still down 0.47%.Earlier in the day, the market mood was dismal, spurred …

The Reserve Bank of Australia will have its monthly board meeting on Tuesday under thick uncertainty clouds on the backdrop of the escalating assaults and geopolitical tensions in eastern Europe.Economists expect Russia’s invasion of the Ukraine will have minimal impact on the Australian economy. There are expectations that while higher …

Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …

Australia on Monday fully reopened its international borders to travelers who have been vaccinated against the coronavirus, nearly two years after it closed due to the pandemic. More than 50 international flights will arrive in the country on Monday as the tourism and hospitality sectors look to rebuild after being …