The AUD/USD pair builds on this week's solid recovery move from the 0.6350 area, or its lowest level since November 2023 and climbs to a two-and-half-week high on Friday.
AUD/USD climbs to a multi-week top and draws support from a combination of factors. The RBA ’s hawkish outlook and stronger Chinese inflation figures for July lend support. A positive risk tone, 50 bps Fed rate cut bets undermine the USD and benefit the Aussie. The AUD/USD pair builds on this week's solid recovery move from the 0.6350 area, or its lowest level since November 2023 and climbs to a two-and-half-week high on Friday.
Risk sentiment FAQs What do the terms'risk-on' and 'risk-off' mean when referring to sentiment in financial markets? In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets.
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 Price Analysis: AUD/USD remains above 0.6750; next barrier at upper boundaryAUD/USD extends its losses for the third successive day, trading around 0.6760 during the European hours on Thursday.
Read more »
AUD/USD IG Client Sentiment: Our data shows traders are now net-long AUD/USD for the first time since Jul 03, 2024 when AUD/USD traded near 0.67.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bearish contrarian trading bias.
Read more »
AUD/USD trades with modest gains above multi-month low, focus remains on US PCE dataThe AUD/USD pair ticks higher during the Asian session on Friday and moves further away from its lowest level since early May, around the 0.6515 region touched the previous day.
Read more »
AUD/USD consolidates near 0.6750 as investors await US InflationThe AUD/USD pair stays in a tight range near 0.6750 in Wednesday’s European session.
Read more »
– AUD/USD and AUD/JPY Latest Sentiment AnalysisThe latest retail sentiment outlooks for AUD/USD and AUD/JPY
Read more »
AUD/USD: Rally can extend this summerHigher chances of Trump winning in November means trouble for the China-sensitive Australian Dollar (AUD) in the longer run.
Read more »