The renewed selling pressure on the US Dollar (USD) led to additional gains in AUD/USD, motivating it to two consecutive sessions of losses on Thursday.
AUD/USD reversedpart of the recent weakness. The weaker US Dollar providedsome relief to the pair. RBA ’s Hunter said wage growth is around its peak. The renewed selling pressure on the US Dollar led to additional gains in AUD/USD, motivating it to two consecutive sessions of losses on Thursday. The fresh offered stance on the Greenback came amidst investors' assessments of the potential for the Federal Reserve to begin its easing programme later this year, possibly in the fourth quarter.
Still around the RBA, Chief Economist Sarah Hunter reported early on Thursday that the CPI confirmed strength in certain price sectors. She also noted that the RBA Board is clearly focused on ensuring inflation remains outside of the band, indicating a strength in inflation. Additionally, she mentioned that wage growth is currently at its peak.
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 Forecast: Further gains retarget 0.6650Thursday saw another negative session of the US Dollar (USD), prompting AUD/USD to build on Wednesday’s gains and extend the trespass of the 0.6500 barrier along with the key 200-day SMA (0.6520).
Read more »
AUD/USD Forecast: Further advance appears on the cardsFresh selling pressure in the US Dollar (USD) bolstered the recovery in the risk-associated universe, encouraging AUD/USD to reclaim the area beyond 0.6600 the figure on Thursday.
Read more »
AUD/USD Forecast: Further advances in the pipelinePersevering downward pressure on the US Dollar (USD) bolstered the recovery in risk-associated assets, driving AUD/USD to reclaim levels above 0.6600 on Tuesday.
Read more »
AUD/USD Forecast: Further upside retargets the 0.6700 barrier and beyondThe continuation of the selling bias in the US Dollar (USD) helped AUD/USD extend its recovery further north of 0.6600 the figure in a quite positive start to the new trading week.
Read more »
AUD/USD Forecast: A drop to the 2024 low is not ruled outOn Wednesday, a resurgence of selling pressure on the US Dollar (USD) prompted AUD/USD to regain some composure and partially reclaim ground lost on Tuesday’s steep pullback.
Read more »
AUD/USD weakens further as US Treasury yields boost US DollarThe Australian Dollar extended its losses against the US Dollar for the second straight day, as higher US Treasury bond yields underpinned the Greenback.
Read more »