AUD/USD Price Analysis: Slides further below 50-day EMA near 0.6750

📆 10/8/2024 5:00 AM

AUDUSD News

RBA, Inflation, Fed

📆 10/8/2024 5:00 AM
📰 FXStreetNews

⏱ Reading Time:
23 sec. here
6 min. at publisher
📊 Quality Score:
News: 27%
Publisher: 72%

The AUD/USD pair extends its losing streak for the fourth trading day on Tuesday.

AUD/USD falls further below 0.6750 amid weakness in the Australian Dollar. The RBA minutes didn’t offer any significant cues about the likely interest rate action for the remaining year. The outlook of the US Dollar will be influenced by the US CPI data for September. The Aussie asset declines to near 0.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

RBA Inflation Fed Supportresistance

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 declines to near 0.6650 as US Dollar recovers ahead of US inflationThe AUD/USD pair slides to near 0.6650 in Monday’s North American session.
Read more »

NZD/USD Price Analysis: Slides further below 0.6150 amid firm US DollarThe NZD/USD pair tumbles below 0.6150 in Monday’s European session.
Read more »

Weekly forex analysis: EUR/USD, GBP/USD, AUD/USD and more [Video]Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY , USD/CHF Forecast.Our weekly forex forecast covers technical analysis, price action on major forex pairs , assets using the high-timeframes and market environment.
Read more »

AUD/USD Price Forecast: Tests 0.6650 near the lower boundary of descending channelAUD/USD extends its losses for the second consecutive day, trading around 0.6650 during the European hours on Monday.
Read more »

AUD/USD Price Forecast: Immediate contention emerges at the 200-day SMAThe US Dollar (USD) maintained its bullish trend, extending Friday’s post-Payrolls advance and keeping the risk complex under pressure at the beginning of the week.
Read more »