{"id":69344,"date":"2022-08-01T21:13:33","date_gmt":"2022-08-01T17:13:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69344"},"modified":"2022-08-01T21:24:33","modified_gmt":"2022-08-01T17:24:33","slug":"aud-usd-rallies-ahead-of-rbas-rate-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/aud-usd-rallies-ahead-of-rbas-rate-decision\/08\/01\/market-updates\/","title":{"rendered":"AUD\/USD rallies ahead of RBA\u2019s rate decision"},"content":{"rendered":"\n<p>Market sentiment is mixed on Monday, but the AUD\/USD pair is boosted by the softer US dollar and the RBA\u2019s awaited decision.<br><br>US ISM Manufacturing data stays in expansionary territory, though prices and new orders dropped. The AUD\/USD pair rises above the 0.7000 figure on a mixed sentiment session, encouraged by reports that US House Speaker Pelosi could visit Taiwan. China has warned that it would hold military exercises in the South China Sea from August 2 to 8, while some Chinese maritime administrations issued warnings prohibiting the entrance to the abovementioned sea.<br><br>The AUD\/USD is trading at 0.7031 after reaching a daily low above the 50-day EMA at 0.6966, though bids around the low bolstered the Aussie to its daily high at 0.7047. <br><br>Australia\u2019s Manufacturing PMI hit 55.7 as estimated, but below June\u2019s 56.2. In the meantime, Australia\u2019s TD-MI Inflation Gauge rose by 1.2%, further reinforcing the need for higher rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market sentiment is mixed on Monday, but the AUD\/USD pair is boosted by the softer US dollar and the RBA\u2019s awaited decision.US ISM Manufacturing data stays in expansionary territory, though prices and new orders dropped. The AUD\/USD pair rises above the 0.7000 figure on a mixed sentiment session, encouraged by reports that US House Speaker &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,6832,8970,9873,7035,8040],"class_list":["post-69344","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-china","tag-interest-rate-decision","tag-military-exercises","tag-rba","tag-taiwan"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=69344"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69344\/revisions"}],"predecessor-version":[{"id":69349,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69344\/revisions\/69349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32839"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}