The Australian Dollar depreciated as Australia’s trimmed mean fell to an annual 3.2% from 3.5%. Australia’s monthly Consumer Price Index increased by 2.3% YoY in November, the highest level recorded since August. The US Dollar appreciated as the 10-year yield on US Treasury bonds rose by over 1% on Tuesday. The Australian Dollar (AUD) faced challenges […]
WTI price gains traction to near $74.15 in Wednesday’s Asian session. US crude oil inventories fell by 4.022 million barrels last week, according to the API. Oil traders brace for the FOMC Minutes on Wednesday ahead of the US December NFP report. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.15
NZD/USD softens to around 0.5635 in Wednesday’s early Asian session. The stronger US data suggested the Fed is likely to slow the easing cycle. Investors will monitor how aggressive Trump’s tariff plans could be when he takes office. The NZD/USD pair trades with mild losses near 0.5635 during the early Asian session on Wednesday. The upbeat
