The AUD/USD pair drops vertically below the round-level support of 0.6400 as the United States inflation report for September showed that headline Con
AUD/USD slips perpendicularly to 0.6350 as headline inflation remains higher due to rising gasoline prices. The monthly headline consumer inflation rose by 0.4% while investors forecasted a growth rate of 0.3%. Australia’s one-year forward consumer inflation expectations are seen rising to 4.8%, against the former release of 4.6%. sumer Price Index rose more than expectations due to higher gasoline prices.
Meanwhile, Fed policymakers supported for keeping interest rates unchanged as rising US Treasury yields would decline spending and investment ahead. Apart from that, weekly jobless claims remained almost unchanged last week. Individuals claimed jobless benefits for the week ending October 6 remained steady at 209K, a little lower than expectations of 210K. On the Australian Dollar front, investors await one-year forward consumer inflation expectations which will be published on Friday.
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 inches upward amid USD weakness as geopolitical tensions ariseThe Australian Dollar (AUD) registered modest gains versus the US Dollar (USD) late in the North American session, with the latter remaining under sel
Read more »
AUD/USD stabilizes above 0.6400 as US Dollar retreats ahead of FOMC minutesAUD/USD seems stabilized above the round-level resistance of 0.6400 in the early New York session. The Aussie asset strengthens as the US Dollar falls
Read more »
AUD/USD holds losses after cautious FOMC minutesIn Wednesday’s session, the AUD/USD is seeing more than 0.50% losses, mainly weighted by the US Dollar recovering some ground after the Federal Open M
Read more »
EUR/USD Stalls at Channel Resistance, AUD/USD Rejected, Fed Minutes a ‘Non-Event’This article provides an extensive examination of EUR/USD and AUD/USD from a technical perspective, investigating essential factors that are likely to drive price changes in the upcoming trading sessions.
Read more »
AUD/USD Forecast: Aussie maintains positive tone after rebounding at key levelThe AUD/USD dropped on Wednesday amid a modest recovery of the US Dollar, particularly after wholesale US inflation data. The Greenback is holding ont
Read more »
AUD/USD floating higher ahead of Aussie inflation expectations, US CPI in the barrel for ThursdayThe AUD/USD is trading into 0.6420 as markets head into Thursday, and an early Australian Consumer Inflation Expectations reading, which last printed
Read more »