AUDUSD=X - USD/AUD
| Previous close | 0.6657 |
| Open | 0.6656 |
| Bid | 0.6711 |
| Day's range | 0.6654 - 0.6712 |
| 52-week range | 0.6176 - 0.7365 |
| Ask | 0.6709 |
- Investing.com
Asia FX weakens, yuan at 6-mth low as state banks cut rates
Investing.com -- Most Asian currencies inched lower on Thursday amid increased concerns over rising interest rates and slowing growth across the globe, while the dollar hovered near 11-week highs ahead of a Federal Reserve meeting next week.
- Investing.com
Australian exports slide, trade surplus misses expectations in April
Investing.com -- Australian exports fell in April, while the country’s trade surplus shrank more than expected as softening demand for commodities, particularly in China, saw a drop in metal shipments.
FX EmpireAUDUSD Forecast – Australian Dollar Continues to Have Upward Momentum
The Australian dollar has rallied again after testing the 50-Day EMA on Wednesday. At this point, the market will likely continue to see many questions asked about the 0.67 level.
- Investing.com
Safe haven dollar edges higher after weak Chinese trade data
The U.S. dollar edged higher in early European trade Wednesday, as traders sought out this safe haven after disappointing Chinese trade data hit sentiment. China's trade surplus sank to a 13-month low in May, according to data released earlier Wednesday, driven chiefly by a surprise drop in exports as foreign demand for Chinese goods dried up. Money markets are pricing in a roughly 19% chance that the U.S. central bank will raise rates by 25 basis points next week, compared to an over 60% chance a week ago, according to the CME FedWatch tool, after weak U.S. services activity data.
- Investing.com
Asia FX muted as Chinese, Australian economic data disappoints
Investing.com -- Most Asian currencies were muted on Wednesday as weaker-than-expected economic prints from China and Australia soured sentiment towards the region, while anticipation of an upcoming Federal Reserve meeting also weighed.
- Investing.com
Australian economy barely grows in Q1 amid high rates, sticky inflation
Investing.com -- Australia’s economy grew substantially less than expected in the first quarter of 2023, data showed on Wednesday, as pressure from rising interest rates and overheated inflation weighed heavily on spending and economic activity.
FX EmpireAUDUSD Forecast – Australian Dollar Pierces 50-Day EMA
The Australian dollar has rallied initially during the trading session on Tuesday, breaking well above the 50-Day EMA initially before running into resistance.
- Investing.com
Dollar retreats with traders on Fed watch; RBA hike boosts Aussie
The U.S. dollar retreated in early European trade Tuesday, while the Australian dollar soared after the RBA hiked interest rates once more in its fight against elevated inflation. The dollar has seen some volatility over the last few days as traders try to work out what the Federal Reserve will decide in terms of interest rates at next week’s meeting. Friday’s jobs report only muddied the waters, as the blowout payrolls number suggested room for the Fed to hike once more but the unemployment rate rose and the slowdown in the growth of average wages pointed in the other direction.
- Investing.com
Australian dollar rallies as RBA raises interest rates again
Investing.com-- The Australian dollar surged 0.7% on Tuesday following the Reserve Bank of Australia's (RBA) decision to increase interest rates by 25 basis points (bps) to 4.10% on Tuesday, surpassing market expectations. This move marks the second rate hike after a brief pause in April, driving interest rates above 4% for the first time in nearly 12 years.
- Investing.com
RBA hikes rates by 25 basis points as inflation remains too high
Investing.com -- The Reserve Bank of Australia raised interest rates on Tuesday, warning that inflation still remained too high in the country and that more policy tightening may still be in order this year.
- Investing.com
Asia FX edges higher as dollar dips; Aussie muted ahead of RBA
Investing.com -- Most Asian currencies rose slightly on Tuesday, taking some relief from a weaker dollar after U.S. service sector data disappointed for May, while the Australian dollar crept lower amid uncertainty over a Reserve Bank interest rate decision.
- Investing.com
Australia logs Q1 current account surplus, but GDP contribution slips
Investing.com -- Australia maintained a strong current account surplus through the first quarter of 2023, aided largely by steady commodity exports, although an unexpected drop in the trade surplus is now expected to dent first-quarter GDP.
FX EmpireAUDUSD Forecast – Australian Dollar Recovers After Initial Dip
The Aussie dollar initially pulled back during the trading session on Monday in Asia and Europe but has turned back around as we open up the United States.
- Investing.com
Dollar climbs on expectations of a still hawkish Fed
The U.S. dollar climbed higher in early European trade Monday after a healthy jobs report prompted traders to price in a continuation of the Federal Reserve’s hawkish stance. The dollar has been boosted by the release of forecast-smashing U.S. jobs figures, prompting U.S. Treasury yields to soar as a robust labor market coupled with stronger-than-expected print on the Fed’s preferred inflation index earlier in May pointed to the U.S. central bank keeping interest rates higher for longer. The Fed meets next week and expectations of another rate increase are rising, particularly given the growing hopes the U.S. economy is headed for a 'soft landing' after Congress's approval last week of a debt ceiling deal that averts U.S. default.
- Investing.com
Asia FX falls as Fed jitters boost dollar, central banks awaited
Investing.com -- Most Asian currencies retreated on Monday, while the dollar traded near two-month highs amid uncertainty over whether the Federal Reserve would hike interest rates in June, with focus now turning to central bank meetings in India and Australia this week.
FX EmpireAUDUSD Weekly Price Forecast – Australian Dollar Has a Strong Bounce Back Week
The Australian dollar initially fell during the course of the trading week, but then turned around to show signs of life again. By doing so, it looks like we are testing major resistance.
FX EmpireAUDUSD Forecast – Australian Dollar Rallies to Smash Through 0.66
The Aussie dollar has rallied rather significantly during the trading session on Friday, to break above the crucial 0.66 level.
CoinDeskBinance Australia Stops AUD Bank Transfers as Search for Payment Partner Drags On
Customers can still buy and sell crypto using credit and debit cards after the halt, which was announced last month.
- Investing.com
Dollar slips after debt ceiling bill progresses; payrolls due later
The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. The U.S. Senate late Thursday passed legislation lifting the government's $31.4 trillion debt ceiling, a day after the House of Representatives had done the same. The bill now heads to the White House for President Joe Biden to sign it into law, averting what would have been a first-ever default as the Treasury Department had warned it would be unable to pay all its bills on June 5 if Congress failed to act by then.
FX EmpireAUDUSD Forecast – Australian Dollar Attempts to Recover
The Australian dollar has rallied during the trading session on Thursday, as it looks like we are trying to bounce back from a significant selloff. That being said, the market still has a long way to go before things change.
- Investing.com
Asia FX inches higher on bets of Fed pause, debt ceiling progress
Investing.com -- Most Asian currencies advanced on Thursday, while the dollar inched lower tracking comments from Federal Reserve officials touting a potential pause in the rate hike cycle in June.
FX EmpireAUDUSD Forecast – Aussie Dollar Continues to Show Weakness
The Aussie dollar initially tried to rally during the trading session on Wednesday but gave back gains as we continue to see a lot of negativity out there.
- Investing.com
Asia FX dips, yuan hits 6-mth low as Chinese economic rebound slows
Investing.com -- Most Asian currencies fell on Wednesday, with the Chinese yuan trading at a six-month low on more signs of a slowing economic recovery in the country, while the dollar firmed ahead of a vote to raise the U.S. debt ceiling.
- Investing.com
Australia CPI inflation beats expectations in April, feeds RBA hawks
Investing.com -- Australian consumer price index inflation rose more than expected in April amid stubbornly high fuel and housing prices, likely inviting more interest rate hikes by the Reserve Bank in the coming months.
FX EmpireAUDUSD Forecast – Australian Dollar Initially Pulls Back but Finds Legs
The Aussie dollar has initially fallen during the trading session on Tuesday but turned around to find plenty of support later in the day.