The AUD/USD pair extends its losing streak for the ninth trading session on Thursday.
AUD/USD continues its losing spell for the ninth trading session. Weak Chinese and Australian economic outlook have dampened the Australian Dollar. Investors await the US Q2 GDP data to know the current status of the economy’s health. The Aussie asset plummets to near 0.6520 and is expected to slide further to the psychological support of 0.6500. The appeal of the Australian Dollar has worsened due to deepening worries about China’s economic prospects and its consequences on Australia.
Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia influences the Australian Dollar by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole.
Fed GDP Commodities 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 IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Jul 03, 2024 when AUD/USD traded near 0.67.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
Read more »
A rotation trade from cash and bonds into stocks could push S&P 500 6500: UBSA rotation trade from cash and bonds into stocks could push S&P 500 6500: UBS
Read more »
AUD/USD jumps higher to 0.6670 as US Inflation cools down expectedlyThe AUD/USD pair revives intraday losses and surges to near 0.6670 in Friday’s New York session after the United States (US) Bureau of Economic Analysis (BEA) published a soft Personal Consumption Expenditure Price Index (PCE) report for May.
Read more »
AUD/USD Forecast: Stuck within the consolidative rangeAUD/USD ended Thursday’s session barely changing around the mid-0.6600s, despite the resurgence of the corrective decline in the US Dollar (USD).
Read more »
AUD/USD: A break above 0.6665 may lead to 0.6680Sharp pullback in Australian Dollar (AUD) has scope to extend.
Read more »