Share: AUD/USD struggles to defend the bounce off YTD low despite probing five-day losing streak ahead of multiple data/events. Fears surrounding China, firmer US Treasury bond yields weigh on Aussie pair. RBA Minutes need to defend hawkish interest to recall AUD/USD buyers. China Industrial Production, Retail Sales will be eyed closely amid economic
AUD/USD, GBP/AUD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free AUD Forecast Most Read: The Reserve Bank of Australia: A Trader’s Guide AUD FUNDAMENTAL BACKDROP The Australian Dollar continued its recovery overnight with modest gains against both the Greenback and the GBP. The week thus far has proven to be another challenging
© Reuters. Investing.com — Most Asian currencies moved in a tight range on Tuesday as anticipation of key U.S. data this week boosted the dollar, while the Australian dollar slumped as the Reserve Bank held interest rates steady. The greenback saw increased bids in Asian trade as overnight data showed that U.S. credit conditions were
Australian Dollar, AUD/USD, RBA, CPI, Fed – Talking Points The Australian Dollar slipped after the RBA left rates unchanged at 4.10% Keeping rates unchanged was mostly expected but caught some by surprise Quarterly CPI was cited by the RBA as they look at the data points ahead. Recommended by Daniel McCarthy How to Trade FX
MON: Japanese Retail Sales (Jun), Chinese Official PMI (Jul), German Flash GDP (Q2), New Zealand Labour CostIndex (Q2) TUE: RBA Announcement, Chinese Caixin Manufacturing Final PMI (Jul), German/EZ Unemployment Rates (Jul), EZ/UK/US Final Manufacturing PMIs (Jul), US ISM Manufacturing PMI (Jul), New Zealand Jobs Report (Q2) WED: BCB Announcement, US ADP Employment (Jul) THU: BoE
Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar mostly outperformed its major counterparts this past week, especially against the Euro, Australian Dollar, and New Zealand Dollar. This is despite a Federal Reserve that raised rates and did little to bolster further tightening bets down the road, leaving a data-dependent path. The