The AUD/USD pair rises after a mild correction to near 0.6755 in Friday’s European session.
AUD/USD remains firm as the US Dollar weakens due to easing price pressures. Soft US inflation data for June boosts Fed rate-cut prospects. The Australian Dollar will dance to the tunes of the outcome of China ’s third plenum meeting. The Aussie asset aims to recapture the round-level resistance of 0.6800 as the US Dollar is under severe pressure due to growing speculation for the Fed eral Reserve to start lowering interest rates from the September meeting.
China’s Communist Party is expected to take measures to boost the real estate and manufacturing sectors. Being a proxy for China’s economic growth, strong fiscal spending announcements will strengthen the Australian Dollar . On the contrary, signs of lower fiscal spending than expected will do the opposite.
Fed Inflation China Dollarindex
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD Price Analysis: AUD/USD remains above 0.6750; next barrier at upper boundaryAUD/USD extends its losses for the third successive day, trading around 0.6760 during the European hours on Thursday.
Read more »
AUD/USD consolidates near 0.6750 ahead of Fed Powell’s testimonyThe AUD/USD pair turns sideways in Tuesday’s European session after printing a fresh six-month high at 0.6760 on Monday.
Read more »
AUD/USD approaches 0.6700 modestly as Fed rate-cut prospects improveThe AUD/USD pair marches toward the round-level resistance of 0.6700 in Monday’s European session.
Read more »
AUD/USD recovers as US Dollar consolidates gains, Fed Powell’s speech in focusThe AUD/USD pair rebounds sharply after correcting to near 0.6630 in Tuesday’s American session.
Read more »
AUD/USD strengthens on hopes of narrowing Fed-RBA policy divergenceThe AUD/USD pair trades close to a five-month high near 0.6730 in Thursday’s American session.
Read more »
AUD/USD hovers near six-month high near 0.6750 on firm Fed rate-cut prospectsThe AUD/USD pair trades close to a six-month high at 0.6760 in Monday’s New York session.
Read more »