The Australian Dollar receives support from the cautious tone surrounding RBA’s policy outlook. RBA’s Bullock stated that elevated unit labor costs and weak productivity could drive inflation above current forecasts. President Trump issued a fresh round of tariff demand letters, reigniting concerns over a global trade war. The Australian Dollar (AUD) continues its winning streak […]
The Australian Dollar offers its daily gains due to risk aversion as Iran declines to resume nuclear negotiations. President Trump may announce his preferred candidate to lead the Federal Reserve next year. The US Dollar depreciated due to risk-on sentiment following a fragile US-brokered Israel-Iran ceasefire. The Australian Dollar (AUD) retraces daily gains on Friday,
The Australian Dollar extends gains due to the Israel-Iran ceasefire. Australia’s Monthly Consumer Price Index increased by 2.1% YoY in May, against the expected 2.3% rise and the 2.4% prior. Fed Chair Powell advocated for delaying rate cuts, likely until sometime in the fourth quarter. The Australian Dollar (AUD) extends its gains for the third
The Australian Dollar remains subdued after mixed employment figures were released on Thursday. Australia’s Employment Change surprisingly declined by 2.5K in May, while Unemployment Rate steadied at 4.1% as expected. The Federal Reserve kept its interest rates on hold at 4.5% in June, as expected. The Australian Dollar (AUD) depreciated against the US Dollar (USD)
USD/CAD trades near 1.3575 as markets digest a mixed US Retail Sales ahead of Wednesday’s Fed rate decision. Elevated Oil prices and geopolitical risks in the Middle East limit losses for the Canadian Dollar. USD/CAD remains in a descending wedge, while the Relative Strength Index signals a pause in bearish momentum. The Canadian Dollar (CAD)
USD/CHF closes Friday up 0.04%, but logs 1.37% weekly drop to 1-month low at 0.8054. Bearish structure persists: lower highs/lows and weak RSI signal continued downside momentum. Key support lies at 0.8054 and 0.8038; breach may expose psychological 0.8000 level. Bulls need a break above 0.8147 to challenge 0.8200 and the 50-day SMA near 0.8257.
USD/JPY trades above 144.00 as safe-haven flows boost the US Dollar amid rising Middle East tensions. BoJ is expected to hold rates steady, limiting support for the Yen despite earlier hawkish signals from Governor Ueda. Japan and the US prepare to meet at the G7 summit in Canada, where the two nations are expected to
The Australian Dollar declines due to dampened risk sentiment amid rising tensions in the Middle East. Israeli military officials said that Israel attacked dozens of nuclear sites across Iran. The US Producer Price Index rose 0.1% MoM in May, against the expectation of a 0.2% rise. The Australian Dollar (AUD) declines against the US Dollar
USD/CHF depreciates as the safe-haven demand increases amid rising tensions between Israel and Iran. CBS journalist reported that US officials have been told that Israel is fully prepared to launch an operation into Iran. US Consumer Price Index climbed 2.4% YoY in May, coming in slightly below the expected 2.5% rise. USD/CHF extends its losses
EUR/USD advances as lower US inflation sparks calls for aggressive Fed rate cuts. Trump urges full percentage point cut in Fed funds rate post-CPI. ECB policymakers cautious, but inflation outlook hints at further fine-tuning. The EUR/USD surged during the North American session but remains shy of clearing the 1.1500 figure, following the release of a
AUD/USD adds to the weekly advance, surpassing the 0.6500 mark. The US Dollar remains under pressure from economic data, US-China trade deal. The US CPI fell below consensus, rising by 2.4% YoY in May. The upward trend in the Aussie Dollar (AUD) continues unabated this week, with AUD/USD advancing for the third consecutive day and
AUD/USD trades near 0.6520 at the time of writing, with US-China relations increasing demand for commodity-linked currencies. Australia’s Westpac Consumer Confidence disappoints, but improving sentiment limits AUD losses. The US Consumer Price Index (CPI) on Wednesday is expected to drive the Fed narrative and US Dollar demand. The Australian Dollar (AUD) is consolidating against the
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down
FX traders are paring back their USD short positions ahead of the US NFP release. US Nonfarm Payrolls are expected to show a 130,000 increase in May. A weaker-than-expected reading might heighten hopes of Fed easing and send the USD lower. The Australian Dollar extends losses below 0.6500 on Friday as traders trim their US
The Australian Dollar may consolidate as traders adopt caution ahead of the US NFP release. President Trump described the call as productive, and negotiations on tariffs are set to continue. US Nonfarm Payrolls could have added 130,000 jobs in May, meanwhile, the Unemployment Rate is expected to hold steady at 4.2%. The Australian Dollar (AUD)
NZD/USD gains traction to around 0.6035 in Thursday’s early Asian session. US ISM Services PMI unexpectedly contracted in May, the first time in nearly a year. The RBNZ might slow the pace of rate cuts as uncertainty grows. The NZD/USD pair extends the rally to around 0.6035 during the early Asian session on Thursday. The
The Australian Dollar offered its daily gains as the Greenback edged higher. Australia’s Gross Domestic Product expanded 0.2% QoQ in Q1, against the previous 0.6% growth. The US Dollar faced challenges as tariff uncertainty may hurt growth in the US economy. The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Wednesday after
