AUD/USD retreats from monthly high below 0.7000 on dicey markets, Aussie Inflation, Fed eyed – by anilpanchal7 AUDUSD Recession Inflation Fed Currencies
s latest pullback could be considered as the market’s preparations for the key data/events. However, a softer US dollar and hopes of firmer Australian inflation data appear to keep the buyers hopeful. rebounds from its intraday low to 106.37, down 0.10% intraday by the press time. In doing so, the greenback gauge drops for the fourth consecutive day despite the latest bounce.
The US dollar’s recent recovery, as well as the AUD/USD pullback, could be linked to the talks surrounding the economic weakness in the US, as well as abroad. The recession fears initially gained clues from Monday’s ChicagoNational Activity Index for June and Dallas Fed Manufacturing Index for July, preceded by Friday’s US S&P Global PMIs for July. On the same line was Walmart’s slashing of profit forecasts and fears of lesser consumer spending.
It’s worth noting that a rebound in the US Treasury yields from the daily low, to 2.79% at the latest, also underpins the rebound in the US dollar and weighs on the AUD/USD. Moving on, AUD/USD traders should pay attention to the US CB Consumer Confidence for July, prior 98.7, as well as chatters surrounding recession for fresh impulse. However, Wednesday’s Australia Consumer Price Index for the second quarter , expected 6.2% YoY versus 5.1% prior, will precede the Federal Open Market Committee meeting to mark the key day for the Aussie pair traders.
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 climbs towards 0.6950, on soft US data, ahead of Aussie CPI and FOMC meetingAUD/USD climbs towards 0.6950, on soft US data, ahead of Aussie CPI and FOMC meeting – by christianborjon AUDUSD Majors RBA Fed Technical Analysis
Read more »
AUD/USD climbs towards 0.6950, on soft US data, ahead of Aussie CPI and FOMC meetingAUD/USD climbs towards 0.6950, on soft US data, ahead of Aussie CPI and FOMC meeting – by christianborjon AUDUSD Majors RBA Fed Technical Analysis
Read more »
Weekly Forex Forecast - EUR/USD, AUD/USD, GBP/JPY, GBP/USDRallies in the EURUSD are still more likely than not to get faded, as the FederalReserve is going to take front and center Wednesday and is expected to punish the markets. Find out more:
Read more »
GBP/USD pokes monthly high around 1.2100 despite UK political jitters, BOE concernsGBP/USD grinds higher at the monthly top, printing the four-day uptrend as it rises to 1.2085 during Tuesday’s Asian session. it’s worth noting that t
Read more »
AUD/USD traders get set for a potential wild ride in economic eventsAUD/USD came under pressure on Friday in the final stages of the New York day, falling 0.14% from a high of 0.6977 to print a low of 0.6893. However,
Read more »
USD/JPY Reverses Ahead of Monthly Low with Fed Rate Hike on TapUSD/JPY halts the series of lower highs and lows from last week to mirror the rebound in UST yields, and the FED interest rate decision may lead to a near-term advance in the exchange rate.
Read more »