The Australian dollar has been building up momentum on Tuesday’s European session. The pair’s recovery from a two-week low of 0.7170 has reached intra

AUD/USD has been losing ground amid the firm US dollar. The slowdown in the Chinese economy has been affecting the Aussie. Traders are eying Australian employment data and Fed’s rate decision this week. The AUD/USD price tumbled to the daily lows of 0.7250, losing around 0.50% at the time of writing. The downside is attributed … Continued

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Following the recession caused by the Coronavirus, Australia’s economy continues to recover. With its prudent stance, the US Federal Reserve can assist financial markets. Despite the gloomy sentiment, AUD/USD maintains its long-term positive stance. The AUD/USD weekly forecast is bearish as the pair ended the week negative below key levels ahead of Fed’s rate decision. … Continued

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In opinion of FX Strategists at UOB Group, AUD/USD is expected to advance further once 0.7400 is cleared in the short-term horizon. Key Quotes 24-hour

The US dollar remained well-bid overnight, with losses versus the euro offset by gains versus Asian and Commonwealth currencies. The rise in US yields, and haven flows, continue to be supportive of the greenback, as do commodity prices, most of which are priced in US dollars. That left the dollar index trading sideways, easing 0.16% […]

The Australian dollar continues its impressive rally and is in positive territory on Friday. AUD/USD has climbed 1.37% this week. The war in Ukraine shows no signs of letting up, and news that a Russian missile scored a direct hit on a Ukrainian power plant has made investors even more jittery about the war in […]

Can it maintain momentum? The Aussie dollar has been on a decent run in recent weeks against the greenback but it’s suddenly struggling around an important area of resistance. The pair has been in a downward trend for a little over a year and the top of the descending channel falls between the 50 and […]

The Australian dollar is in positive territory for a second straight day. In the European session, AUD/USD is trading at 0.7233, up 0.30% on the day. On the fundamentals front, Australian employment numbers were sharp. In the US, it’s a relatively quiet day, highlighted by the Philly Fed Manufacturing Index and unemployment claims. Australia unemployment […]

The Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day. Australia will release December employment numbers in Thursday’s Asian session. The economy is expected to have created 43 thousand new jobs, which would be a modest gain compared […]