The Australian Dollar finished Wednesday’s session unchanged after mixed economic data from the United States fueled interest rate cut speculations by the Federal Reserve.
AUD/USD stays flat at 0.6648 after mixed US data and speculations of Fed rate cuts. US ISM Services PMI rises to 53.8, while ADP private hiring misses estimates at 155K. Australian Q1 GDP growth at 0.1% QoQ and 1.1% YoY; RBA outlook unchanged by ANZ analysts. Upcoming data: Australia's Balance of Trade, Home Loans, Private Housing Approvals. As Thursday’s Asian session begins, the AUD/USD trades at 0.6648, unchanged. AUD/USD is subdued at around 0.
The pace of GDP growth over the past six months is a little weaker than we anticipated, but labour market conditions have only eased slowly over the same period while recent inflation data have shown some stickiness.” Ahead of the week, Australia’s economic docket will feature the Balance of Trade, which is expected to print a surplus of A%5.40 billion in April. Other data, like Home Loans and Private housing approvals, are also expected.
Currencies Fundamental Analysis Technical Analysis
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 IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since May 21, 2024 03:00 GMT when AUD/USD traded near 0.67.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
Read more »
AUD/USD comes under pressure as US Dollar gains ground ahead of US economic dataThe AUD/USD pair exhibits a subdued performance near 0.6650 in Wednesday’s European session.
Read more »
AUD/USD rises amid weak ISM PMI, ahead of Aussie’s dataThe Australian Dollar registered gains of 0.55% versus the Greenback on Monday and opened Asian Tuesday’s session with renewed strength amid falling US yields.
Read more »
AUD/USD steady around 0.6640 ahead of Aussie’s inflation dataThe Australian Dollar registered minuscule losses against the US Dollar on Tuesday amid higher US Treasury yields.
Read more »
AUD/USD advances to 0.6670 ahead of Australian monthly CPI dataThe AUD/USD pair continues its winning streak for the third trading session on Tuesday.
Read more »
AUD/USD jumps to 0.6650 ahead of Aussie Retail Sales dataThe AUD/USD pair climbs to 0.6650 in Monday’s New York session.
Read more »