AUD/USD is being pressured as the US dollar recovers in midday New York trade. The bears are moving in with US yields also rallying and as US stocks tail-off. The US dollar DXY, and the US 10-Year Treasury yields were lower which had been giving US stocks and higher beta currencies such as the Aussie a lift at the… Read More »
AUD/USD has slipped to near 0.7070 amid a downward shift in Aussie inflation expectations data. The Aussie inflation guidance data has landed at 5.9%, lower than the prior release of 6.3%. A meaningful decline in US CPI may trim Fed’s hawkish guidance. The AUD/USD pair has dropped to near 0.7070 as the University of Melbourne… Read More »
AUD/NZD is auctioning a marked territory as investors await Australian Consumer Inflation Expectations. Aussie Inflation Expectations are likely to remain higher due to the unavailability of a downside signal. The RBNZ has already raised its OCR to 2.5% to combat price pressures. The AUD/NZD pair is displaying back and forth moves below the critical hurdle of… Read More »
AUD/USD bulls are staying in control following CPI miss. There will be prospects of a correction so long as the Fed is seen to stay firm. The Aussie data to watch will be the employment report, 18 August. AUD/USD remains firmly bid in the US session, but a touch below the impulse highs that were printed… Read More »
AUD/NZD bounded by key daily swing lows, price imbalance between 1.1080 and 1.1091 eyed. RBNZ is expected to hike by 50bps at the next meeting. AUD/NZD is flat in the Tokyo open and has ranged between 1.1091 and 1.1115 on the day so far following the Reserve Bank of New Zealand’s inflation expectations at the start… Read More »
AUD/USD edges up by 1%, boosted by a soft greenback. China’s Trade Balance surplus increased the appetite for the risk-sensitive AUD. The AUD/USD got bolstered by last week’s RBA’s tightening expectations. The AUD/USD rallied during the North American session as the market mood turned mixed, with US equities fluctuating, while the greenback tumbles on the… Read More »
AUD/USD has turned sideways around 0.6900 after defending the fresh weekly lows around 0.6869. The upbeat US NFP has shifted the Fed stance expectations back to extremely hawkish. An interest rate hike by 25 bps could be announced by the RBA. The AUD/USD pair is likely to remain sideways around 0.6900 as investors are betting… Read More »
