In Wednesday's session, the AUD/USD rose to 0.6480 as the US Dollar remained weak following the release of high-tier economic data.
AUD/USD pair rises to 0.6480 on Wednesday. Aussie benefits from US Dollar weakness despite soft Australian CPI. PCE data from the US meets expectations for inflation. In Wednesday's session, the AUD/USD rose to 0.6480 as the US Dollar remained weak following the release of high-tier economic data. This comes despite Wednesday's publication of subdued Australian Consumer Price Index inflation figures, which had previously limited the Aussie's rise.
Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar is the level of interest rates set by the Reserve Bank of Australia . Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance.
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 posts modest gains above 0.6450 despite stronger US Dollar, eyes on RBA Meeting MinutesThe AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday.
Read more »
AUD/USD gathers strength to near 0.6550 on weaker US DollarThe AUD/USD pair attracts some buyers to near 0.6540 during the early Asian session on Monday.
Read more »
AUD/USD gathers strength to near 0.6600 on weaker US DollarThe AUD/USD pair gains momentum to near 0.6595 during the early Asian session on Monday.
Read more »
AUD/USD Price Forecast: At the mercy of Trump and the US DollarThe US Dollar (USD) had a very positive day on Wednesday, regaining upside traction in a strong fashion against the backdrop of alleviating geopolitical concerns and mixed US yields across the curve.
Read more »
AUD/USD Price Forecast: The weaker Dollar and China give a handThe US Dollar (USD) kept its corrective mood in place at the beginning of the week, with the US Dollar Index (DXY) retreating further from its recent 2024 highs, breaking past the 107.00 mark.
Read more »
EUR/USD, AUD/USD: Betting Markets Swing Towards Harris, Weakening US DollarForex Analysis by David Scutt covering: Euro US Dollar, Australian Dollar US Dollar, US Dollar Index Futures. Read David Scutt's latest article on Investing.com
Read more »