• 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 Empire

    AUDUSD 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 Empire

    AUDUSD 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 Empire

    AUDUSD 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.

  • CoinDesk

    Binance 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 Empire

    AUDUSD 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 Empire

    AUDUSD 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 Empire

    AUDUSD 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.

  • FX Empire

    AUDUSD Forecast – Australian Dollar Rallies on Monday

    The Australian dollar rallied rather significantly during the trading session on Monday, although it was Memorial Day, so that’s something worth paying attention to.

  • Investing.com

    Asia FX muted, dollar steady as Fed fears stifle debt deal cheer

    Investing.com -- Most Asian currencies kept to a tight range on Monday, while the dollar steadied at a two-month high as signs of sticky inflation and rising U.S. interest rates largely offset optimism over a U.S. debt ceiling deal.

  • FX Empire

    AUD/USD Weekly Forecast – Australian Dollar Gets Hammered for the Week

    The Aussie dollar has broken down significantly during the trading week, as the 0.6 6 Level Has Given Way.

  • FX Empire

    AUDUSD Forecast – Australian Dollar Bounces Into the Weekend

    The Aussie dollar bounced a bit early on Friday to show signs of life again as we head into the weekend.

  • Investing.com

    Australian retail sales flat in April as consumers tighten purse strings

    Investing.com-- Australian retail sales missed expectations in April, remaining flat from the prior month as a rising cost of living and high interest rates saw consumers pulling back further on spending big.

  • FX Empire

    AUDUSD Forecast – Australian Dollar Continues to Look Threatened

    The Aussie dollar had sold off rather drastically and Wednesday, and Thursday it looks like we are seeing more of the same.

  • Investing.com

    Dollar in demand after Fitch signals possible U.S. rating downgrade

    The U.S. dollar gained in Europe Thursday, climbing to a two-month high on rising fears of a U.S. default as Fitch threatens a rating downgrade. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 103.955, just below the 104.05 overnight peak, the highest level since mid-March. The dollar’s safe haven status has meant that it has benefited from the lack of progress in the talks to lift the U.S. government's $31.4 trillion debt ceiling, with the early-June deadline that Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of money drawing nearer.