The exchange rate witnessed a notable drop to 17.17 during European trading hours today, as market participants digest the culmination of the Federal Reserve’s interest rate hikes and anticipate further economic indicators from S&P Global PMI data. Earlier this week, on Tuesday, the Federal Open Market Committee (FOMC) released minutes that were perceived as hawkish,
Aussie Dollar (AUD/USD, AUD/JPY) Analysis • RBA minutes: Anchor inflation expectations while the cash rate is comparatively low • AUD/USD retreats off intraday high and 200-day SMA – watch for further USD weakness • IG client positioning narrows but recent changes favor upside potential RBA minutes: Anchor inflation expectations while the cash rate is comparatively
AUD/USD News and Analysis RBA struggling to judge inflation risks as the RBA restarts hikes for second time AUD/USD continues to move lower after rate hike was largely priced in Futures market anticipates no rate cuts next year with potential for one more hike The analysis in this article makes use of chart patterns and
AUSTRALIAN DOLLAR PRICE, CHARTS AND ANALYSIS: Most Read: Bitcoin (BTC/USD) Forecast: Open Interest Surge to Ignite a Fresh Bout of Volatility? Supercharge your trading prowess with an in-depth analysis of the Australian Dollar outlook, offering insights from both fundamental and technical viewpoints. Claim your free Q4 trading guide now! Recommended by Zain Vawda Get Your
Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor market data showing a slowdown in job growth fueled speculation that the Federal Reserve may halt rate hikes. Fed officials Thomas Barkin and Neil Kashkari
EUR/USD & GOLD PRICE FORECAST Gold prices and EUR/USD could gain ground in the near term, but the broader trend may hinge on incoming U.S. economic data Attention will be on the ISM services PMI and the U.S. labor market report later this week This article looks at XAU/USD and EUR/USD’s key levels to watch
© Reuters. FILE PHOTO: A view shows the newly designed Russian 1000-rouble banknote during a presentation in Moscow, Russia October 16, 2023. REUTERS/Maxim Shemetov/File Photo By Alexander Marrow MOSCOW (Reuters) – The rouble leapt to a more than six-week high against the dollar on Friday after the Bank of Russia hiked interest rates by more
Share: AUD/USD recovers from 0.6318 to trade around 0.6330s, up 0.22%. US core PCE at 3.7% YoY, below August’s data, with general inflation at 3.4%, in line with forecasts. Australian inflation above 5%, increasing the likelihood of another RBA rate hike in the near term. AUD/USD bounces off daily lows reached at 0.6318
Investing.com– Most Asian currencies fell slightly on Wednesday as strong overnight data boosted the dollar, while the Australian dollar rose sharply as a strong inflation reading fueled expectations for an interest rate hike in November. The jumped 0.5% as data showed inflation grew slightly more than expected in the third quarter. The reading came just
Australian Dollar, AUD/USD, CPI, US Dollar, RBA, Real Cash Rates – Talking Points The Australian Dollar found legs after CPI figures beat Q3 forecasts Both the headline and trimmed measures revealed tight price pressures The RBA might be looking for a move. If they lift rates, will AUD/USD get a boost? Recommended by Daniel McCarthy
