The AUD/USD pair clings to gains made in Asian trading hours near the key resistance of 0.6600 in Monday’s North American session.
AUD/USD holds onto recovery near 0.6600 with RBA policy andUS elections in focus. The RBA is expected to leave interest rates unchanged at 4.35%. Trump-Harris battle and Fed policy will keep market sentiment on its toes. The Aussie pair remains firm ahead of the Reserve Bank of Australia’s monetary policy announcement and the United States presidential elections on Tuesday.
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.
RBA Fed US Elections 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 holds above 0.6800 despite stronger US Dollar, eyes on RBA MinutesThe AUD/USD pair recovers some lost ground to near 0.6805, snapping the two-day losing streak during the early Asian session on Monday.
Read more »
AUD/USD bounces back from 0.6650 on firm RBA hawkish betsThe AUD/USD pair rebounds strongly from the key support of 0.6650 in Tuesday’s European session.
Read more »
AUD/USD Price Forecast: The 200-day SMA holds the selling pressureAUD/USD managed to regain some balance on Thursday, bouncing off recent lows near 0.6650 and flirting once again with the key 0.6700 hurdle.
Read more »
AUD/USD Price Forecast: The 0.6700 region holds the downside…for nowFollowing two consecutive daily advances, AUD/USD faced renewed selling pressure at the beginning of the week.
Read more »
AUD/USD holds key support of 0.6000 as US Dollar steadiesThe AUD/USD pair consolidates above the psychological support of 0.6000 in Friday’s European session.
Read more »
AUD/USD Price Forecast: Climbs to 0.6685 area amid modest USD weakness, ahead of US dataThe AUD/USD pair stages a goodish intraday recovery from its lowest level since August 8, around the 0.6535 region touched earlier this Wednesday and for now, seems to have snapped a three-day losing streak.
Read more »