AUD/USD clings to mild gains around 0.6600 amid banking fears, anxiety ahead of US GDP – by anilpanchal7 AUDUSD GDP Inflation RBA RiskAversion
Earlier in the day, the Australian Bureau of Statistics released the Q1 Export and Import Price Index figures and failed to ward off the dovish bias surrounding the Reserve Bank of Australia’s , amplified after the previous day’s softer Aussie Consumer Price Index releases. That said, the Export Price Index rose to 1.6% QoQ in Q1 2023 from -0.9% prior but eased beneath the 1.9% forecasts whereas the Import Price Index slumped by -4.2% versus 3.6% market expectations and 1.8% prior.
On a different page, upbeat earnings from Microsoft and Google’s parent Alphabet Inc. allowed Nasdaq to remain firmer. However, the escalating fears from the First Republic Bank , due to another 20% share price fall on Wednesday following a 50% slump the previous day, weigh on the sentiment.
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 lures bears despite recent moves near 0.6600, banking woes, US Q1 GDP eyedAUD/USD eyes further downside as bears prod 0.6600 amid banking woes ahead of US Q1 GDP – by anilpanchal7 AUDUSD RiskAversion Banks Inflation GDP
Read more »
AUD/USD Price Analysis: Portrays bearish consolidation below 0.6700AUD/USD bears return to the table, following an upbeat start of the week, as the Aussie pair drops to 0.6680 amid early Tuesday morning in Europe. In
Read more »
AUD/USD extends slide below 0.6630, hits two-week lowsThe AUD/USD is falling sharply on Tuesday amid a stronger US Dollar and a mixed market sentiment. The pair is trading at 0.6627, the lowest level sinc
Read more »
AUD/USD defends 0.6600 ahead of Australian Inflation and US Durable Goods Orders dataThe AUD/USD pair has shown a minor recovery after printing a fresh five-week low of 0.6614 in the early Asian session. The Aussie asset has rebounded
Read more »
AUD/USD Price Analysis: Corrective bounce seeks acceptance from 0.6655 hurdle and Australia inflationAUD/USD Price Analysis: Corrective bounce seeks acceptance from 0.6655 hurdle and Australia inflation AUDUSD Technical Analysis ChartPatterns SwingTrading Inflation
Read more »
When is Australia inflation data and how could it affect AUD/USD?Australia’s first quarter (Q1) and Monthly Consumer Price Index (CPI) for March, scheduled for publishing on early Wednesday around 00:30 GMT, appear
Read more »