The Australian Dollar strengthens after the release of upbeat Judo Bank Purchasing Managers Index data on Monday. Australia’s Judo Bank Manufacturing PMI rose to 52.6 in March, while the Services PMI increased to 51.2. The US Dollar faces pressure as concerns grow over a potential economic slowdown driven by Trump’s trade policies. The Australian Dollar…
AUD/USD edges higher to around 0.6325 in Monday’s early Asian session. China has launched special initiatives to boost consumption and raise incomes. Michigan Consumer Sentiment Index slumped in March to the lowest since 2022. The AUD/USD pair gathers strength to near 0.6325 during the early Asian session on Monday. The uptick of the pair is bolstered…
The Australian Dollar remains under pressure despite a release of stronger economic data on Tuesday. Westpac Consumer Confidence climbed 4% to 95.9 in March, up from 92.2 in February, reaching its highest level in three years. The US Dollar struggles as concerns grow that tariff policy uncertainty could push the US economy into a recession….
The Australian Dollar remains under pressure as the RBA’s February Meeting Minutes highlighted downside risks to the economy. Australia’s Retail Sales rose by 0.3% MoM in January, recovering from a 0.1% decline in December. The US Dollar weakened after European leaders voiced support for security guarantees for Ukraine, improving risk sentiment across global markets. The…
The Aussie extends its losing streak by about 0.54%, slipping near 0.6200 and approaching multi-week lows. A six-day decline sees the pair break below the 20-day Simple Moving Average, reinforcing short-term seller strength. Traders assess fresh tariff escalations, with President Trump threatening an extra 10% levy on Chinese imports. PCE data from the US from…
The US Dollar maintained its constructive path helped by fresh concerns around US tariffs and amid geopolitical tension in response to negotiations around a potential end of the Russia-Ukraine war. Here is what you need to know on Thursday, February 20: The US Dollar Index (DXY) added to Tuesday’s gains above the 107.00 barrier on…
AUD/USD falls to near 0.6270 as the Australian Dollar weakens on RBA dovish bets and potential US-China trade war. Investors await the US inflation data, which will influence the Fed’s interest rate outlook. Fed Powell said on Tuesday that there is no rush for interest rate cuts. The AUD/USD pair faces sharp selling pressure after…
The Australian Dollar remains steady as Trump imposes a 25% tariff on all steel and aluminum imports. Australia’s Westpac Consumer Confidence rose 0.1% in February, reaching 92.2 from 92.1 prior. The US Dollar appreciates amid the rising cautious mood surrounding the Fed’s policy outlook. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on…
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure…
The Australian Dollar holds losses following the mixed Chinese Purchasing Managers’ Index data release. The China Securities Regulatory Commission has approved a second round of long-term stock investment pilot programs valued at $7.25 billion. The USD strengthens amid uncertainty surrounding the impact of US President Donald Trump’s trade and immigration policies. The Australian Dollar (AUD)…