AUD/USD marches firmly above 0.7000 as the USD weakens By christianborjon AUDUSD Majors Macroeconomics CentralBanks
iled its bullish bets, amidst a dampened market mood, with global equities falling. However, after reaching a daily low at around0.6940s, the AUD/USD bounced off that level and is gaining some 0.36%, trading at around 0.7025.Of late, the AUD/USD pared some of its earlier losses on the back of worst-than-expected. US Housing Starts declined -by 14.4%, while Building Permits followed suit, down -by 7%.
Details of the report were also strong reinforcing market wagers the Reserve Bank of Australia will deliver another half-point rate hike in July to reach 1.35%.
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.
Metro Is Bringing Back Eight 7000-Series Trains On ThursdayMetro riders will see eight 7000-series trains back on the tracks Thursday, but the rest of the fleet won't be back until later this summer. So don't expect service levels to improve just yet.
Read more »
Metro to return eight 7000-series trains to service tomorrow (Thurs.), First on Green and Yellow Linesphoto by nevermindtheend From WMATA: 'Metro today completed final review of its plan to return eight 7000-series trains to passenger service. Customers can
Read more »
AUD/USD bounces off weekly lows, firmly around 0.6950The Australian dollar stages a comeback vs. the greenback, climbing close to 70 pips on Wednesday amidst an upbeat market mood, ahead of the Federal R
Read more »
EUR/USD remains vulnerable near 1.0400 amid ECB news, choppy USDEUR/USD is attacking 1.0400, unable to sustain the recovery near the 1.0425 region, as EUR bulls remain unimpressed by the latest European Central Ban
Read more »
AUD/USD Forex Signal: Bearish Trend ContinuingToday is a big day with very major news due from the FOMC, and markets will be watching keenly to see whether the Fed hikes by 0.50% or 0.75%. Forex Signal
Read more »