The AUD/USD pair extends its upside around 0.6610 during the early Asian session on Monday.
AUD/USD holds positive ground near 0.6610 in Monday’s early Asian session. The US Nonfarm Payrolls came in weaker than expected in April, along with lower-than-expected wage growth. The RBA is expectedto hold thecash rateat 4.35% for a fourth straight meeting on Tuesday while reinstating a hawkish bias. The downbeat US employment data for April has exerted some selling pressure on the US Dollar across the board.
Investors increased their bets that the Federal Reserve will start counting the interest rate in Septemberandexpect the Fed to lower its borrowing costs twice this year instead of only once before the data was released.This, in turn, weighs on the Greenback and acts as a tailwind for the AUD/USD pair. On the Aussie front, the RBAis likely tokeep its key interest rate at a 12-year highof4.35% on Tuesday as inflation in Australia remains stubbornly high.
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 exhibits strength above 0.6500 as RBA sets to deliver a hawkish guidanceThe AUD/USD pair holds gains above the psychological support of 0.6500 in Thursday’s early New York session.
Read more »
AUD/USD ticks higher as RBA also expected to delay cutting interest ratesAUD/USD climbs about a tenth of a percent into the 0.6440s on Thursday, continuing the correction of the steep sell-off in the pair at the start of April.
Read more »
AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jan 03, 2024 when AUD/USD traded near 0.67.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
Read more »
AUD/USD holds steady above 0.6500 mark, moves little after Chinese inflation dataThe AUD/USD pair oscillates in a narrow trading range during the Asian session on Thursday and consolidates the previous day's hotter US CPI-inspired slump to over a one-week low.
Read more »
AUD/USD holds recovery above 0.6400 as US Dollar dipsThe AUD/USD pair holds gains above the round-level support of 0.6400 in Friday’s early New York session.
Read more »
AUD/USD stand firm above 0.6500 with markets bracing for Aussie PPI, US inflationThe Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday.
Read more »