AUD/USD, and the risk complex in general, regained the smile and shrugged off Wednesday’s sharp pullback, reclaiming the 0.6900 barrier and beyond and flirting once again with the area of YTD peaks on Thursday.
AUD/USD regained traction and surpassed the 0.6900 barrier. The Dollar traded in an inconclusive fashion following Wednesday’s uptick. China’s Politburo reinforced previous stimulus announced by the PBoC. The pair’s robust recovery came in response to news that China's Politburo has pledged to increase benefits for the poorest and provide local authorities with the necessary funds to prevent further house price declines.
” Currently, investors see about a 55% chance of a 25 basis point rate cut by the end of the year. Recently, the RBA’s Monthly CPI Indicator reported a 2.7% increase in August, down from 3.5%. Governor Bullock noted that this release is “quite volatile” and does not encompass all items, unlike the quarterly CPI data. The RBA also reiterated its expectation that inflation will not return “sustainably” to the 2-3% target range until 2026.
Australia RBA Currencies Recommended
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 Forecast: Further gains appear in the pipelineOn Wednesday, AUD/USD finally broke above the key 0.6800 the figure for the first time since early January, flirting with yearly highs at the same time.
Read more »
AUD/USD Price Forecast: Further gains appear in the pipelineOn Wednesday, AUD/USD finally broke above the key 0.6800 the figure for the first time since early January, flirting with yearly highs at the same time.
Read more »
AUD/USD Price Forecast: Further volatility is not ruled outThe US Dollar (USD) reversed part of Tuesday’s gains on Wednesday, lending support to the risk-related assets and thus triggering a decent rebound in AUD/USD, which regained the 0.6750 zone following a brief drop to the sub-0.6700 region.
Read more »
AUD/USD Price Forecast: Further losses remain in the pipelineThe US Dollar (USD) continued its bullish momentum, building on Monday’s robust rebound and keeping pressure on risk assets in the first half of the week.
Read more »
AUD/USD Price Forecast: Further gains appear in the pipelineThe renewed selling pressure on the US Dollar (USD) gave a boost to risk-sensitive assets, helping the Australian Dollar gain traction and motivating AUD/USD to reclaim the 0.6700 barrier and above on Monday.
Read more »
AUD/USD Price Forecast: Further upside looks at the FedThe renewed bid stance in the US Dollar (USD) keeps the price action in the risk-sensitive space under some pressure, with AUD/USD navigating a narrow range above the 0.6700 hurdle on Tuesday.
Read more »