The Australian Dollar holds positive ground on Thursday. The Aussie edges higher as Australian PMI reading has maintained expansion in June. Investors await the advanced US S&P Global PMI data, which is due on Friday. The Australian Dollar (AUD) trades with mild gains in Thursday’s early Asian session. The Aussie edges higher after the recent Australian…
Interest rate in Australia is set to stay steady at 4.35% for the fifth consecutive meeting in May. Reserve Bank of Australia Governor Michele Bullock will hold a press conference at 05:30 GMT. The Australian Dollar could see a big reaction to RBA’s policy statement and Bullock’s words. The Reserve Bank of Australia (RBA) is…
The US dollar seems to have caught up with the Australian dollar, causing the AUDUSD to print significant losses. The market tumbled downward at the opening of the Forex market today. It appears that the Queen’s birthday has paused upside progress in the AUD, while the improving mood of the US dollar has gained momentum….
AUD/USD posts modest gains around 0.6670 in Friday’s early Asian session. The softer US employment data this week triggered the Fed rate cut expectation in September. RBA’s Bullock said the central bank won’t hesitate to hike again if inflation remains sticky. The AUD/USD pair trades with mild gains near 0.6670 on Friday during the early…
While the week seems moderately packed with economic developments that may trigger some movements in the Forex market, the AUD/USD pair seems to maintain a cautious mood at the moment. This could be perceived as the market has been lacking significant movement since the closing of the market on Friday until now. However, this may…