Australia Judo Bank Composite PMI up to 47.6 in October from previous 47.3

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Australian Dollar moves above the major level after stronger Retail Sales

Share: Australian Dollar’s strength is reinforced by stronger Retail Sales.  Australia’s Retail Sales surged to 0.9%, significantly higher than the market consensus of 0.3%. US and China have agreed on a meeting between Presidents Joe Biden and Xi Jinping in November. US Dollar encountered a challenge after a moderate Core PCE Price Index data on Friday.

Australian Dollar continues the winning streak after upbeat Aussie CPI data

Share: Australian Dollar moves upward toward a major level after stronger Aussie CPI data. Australia’s CPI climbed to 1.2% in Q3, exceeding the market consensus of 1.1%. US Dollar received upward support from upbeat PMI figures from the United States. The Australian Dollar (AUD) continues to gain ground, trading higher for the third

Reserve Bank of Australia Governor Bullock will be appearing in parliament after CPI data

Following the Australian official inflation data due today Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Christopher Kent, will appear before the Senate Economics Legislation Committee (Supplementary Budget Estimates) on Thursday, 26 October 2023. at 9am Sydney time 2200 GMT, 1800 US Eastern time Earlier previews of the data due from Australia

Australian Dollar continues the winning streak ahead of US data

Share: Australian Dollar extends gains as the US Dollar declines. Australia’s Manufacturing PMI eased to 48.0, while the Services PMI dropped to 47.6. China may approve over 1 trillion yuan in additional sovereign debt issuance. US Treasury Department confirmed the meeting with China to discuss bilateral economic policy matters. The pullback in US Treasury

AUD/USD recovers its recent losses above 0.6300 ahead of Australian PMI

Share: AUD/USD recovers its losses ground above the 0.6300 mark in early Monday. Fed Chair Jerome Powell and other officials believe rates will stay on hold and may have peaked unless inflation rises. The latest Australian jobs data showed the labor market is easing. Market players will monitor the preliminary Australian S&P Global