The AUD faces pressure while the USD reclaims safe-haven demand. The RBA’s cautious monetary stance and diverging Fed policy expectations maintain a downside bias. Traders are looking ahead to the upcoming Initial Jobless Claims and RBA meeting minutes for policy cues. The AUD/USD weekly forecast suggests the pair was weighed down amid cautious market sentiments…
The AUD advanced amid surging inflation expectations and a weakening USD. Traders await speeches from Fed Chair Jerome Powell and RBA officials for policy direction. The pair stays consolidated, with potential movement above 0.6620 or below 0.6560. The AUD/USD forecast remains mildly supported on Thursday amid rising domestic inflation expectations and a waning US dollar….
The AUD/USD outlook steadies as the US shutdown is balanced by downbeat domestic data. The RBA’s cautiousness and the Fed’s easing leave the AUD anchored. China’s weakness and domestic trade data could cap gains in Aussie. The AUD/USD outlook remains stable amid subdued US dollar activity following the US government shutdown and softening labor market…
The AUD/USD outlook improves as the RBA is expected to hold rates after hotter inflation data, reducing bets on near-term cuts. The US Dollar weakens on expectations of a Fed rate cut and risks of a government shutdown. The RBA’s decision on Tuesday and the US political standoff set the stage for heightened volatility ahead….
AUD/USD price falls to a three-week low on Friday. US GDP was revised higher to 3.8% and jobless claims fell to 218K. Traders await U.S. core PCE inflation data for fresh direction. The AUD/USD price fell to 3-week lows on Thursday, pressured by a resurgent US dollar after a raft of stronger-than-expected data. The US…
AUD/USD forecast remains up as the pair climbs near 0.6630 amid stronger-than-expected Australian CPI data. The Fed remains cautious on rate cuts, with Powell stressing inflation risks, while Bowman advocates for faster easing to protect the labor market. The RBA is seen as more hawkish than the Fed, with Barclays forecasting the AUD/USD to break…
The AUD/USD forecast shows a rebound in the Australian dollar after the RBA governor’s speech. RBA’s Bullock said that Australia’s economy was in a good place. The dollar was steady as traders looked forward to Fed speeches this week. The AUD/USD forecast shows a rebound in the Australian dollar after RBA governor Bullock said the…
The AUD/USD outlook points to further weakness in Australia’s labor market. Australia’s economy lost 5,400 jobs compared to the forecast of an addition of 21,200. The dollar gained after the Fed cut rates as expected on Wednesday. The AUD/USD outlook points to further weakness in Australia’s labor market that could increase pressure on the RBA…
The USD/JPY forecast shows continued strength in the dollar amid geopolitical uncertainty. Market participants are anticipating the US CPI report. Data on Wednesday revealed softer-than-expected US wholesale inflation. The USD/JPY forecast shows continued strength in the dollar amid geopolitical uncertainty. The greenback rose despite downbeat US wholesale inflation and ahead of the CPI report. Meanwhile,…
The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite. The dollar rebounded on Tuesday as geopolitical tensions sent traders scrambling for safety. Market participants are only confident of an RBA cut in November. The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite due…