The Australian Dollar is on the defensive front as market sentiment remains mixed. The Federal Reserve: US growth risks are skewed to the downside, capping the US Dollar gains.
The Australian Dollar is losing ground versus its American counterpart amid an obviously mixed sentiment. Additionally; US stocks are wavering due to Fed officials\u2019 remarks moderating the increase of borrowing cost. The US Dollar is staging a recovery against most G8 currencies, as shown by the US Dollar Index (DXY) gaining 0.57% at 106.238.
At the same time, China\u2019s Covid-19 cases breaking the 30K threshold keep investors on their toes. Also, after observing the Thanksgiving holiday in the United States (US), thin liquidity conditions exaggerate market movements. Therefore, the AUD\/USD is trading at 0.6743, below its opening price by 0.28%.
European and US stocks are fluctuating. The lack of macroeconomic data for catalyst around the AUD\/USD pair keeps traders digesting the latest FOMC meeting minutes. Policymakers denoted that \u201cslowing in the pace of increase would likely soon be appropriate\u201d, these remarks sparked a rally in risk-perceived assets that lasted until the day before US Thanksgiving.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Australian Dollar is on the defensive front as market sentiment remains mixed. The Federal Reserve: US growth risks are skewed to the downside, capping the US Dollar gains. The Australian Dollar is losing ground versus its American counterpart amid an obviously mixed sentiment. Additionally; US stocks are wavering due to Fed officials\u2019 remarks moderating …<\/p>\n","protected":false},"author":13,"featured_media":31723,"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":[7063,6885,10092,8658,7587],"class_list":["post-76264","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-fed","tag-mixed-sentiment","tag-monetary-policy-tightening","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76264","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=76264"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76264\/revisions"}],"predecessor-version":[{"id":76269,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76264\/revisions\/76269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31723"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}