The Australian Dollar shows a minor recovery against the US Dollar (USD), which is experiencing a sharp drop after disappointing US jobs data.
Aussie finds some relief after mixed Australian PPI figures. Traders are keeping vigilance on job data disappointment from the US. Markets adjust their stance on the Reserve Bank of Australia's monetary policy and now expect a cut in 2024. The Australian Dollar shows a minor recovery against the US Dollar , which is experiencing a sharp drop after disappointing US jobs data.
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. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
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.
Australian Dollar dips, RBA rate hike hopes cool downThe Australian Dollar continues to underperform against the US Dollar (USD), which is making a strong recovery following the Federal Open Market Committee (FOMC) policy decision.
Read more »
Australian Dollar appreciates due to hawkish sentiment surrounding RBAThe Australian Dollar (AUD) extends its gains against the US Dollar (USD) for the second session on Monday.
Read more »
Australian Dollar appreciates amid expectations of the RBA delaying rate cutsThe Australian Dollar (AUD) holds gains on Thursday after the release of soft Consumer Inflation Expectations for July by the Melbourne Institute, which presents consumer expectations for inflation over the next 12 months.
Read more »
Australian Dollar extends losses, hawkish bets on RBA supportThe Australian Dollar (AUD) racked up more losses on Tuesday against the USD, which managed to gain some ground due to cautious remarks by Jerome Powell.
Read more »
Australian Dollar edges higher due to rising expectations of RBA delaying rate cutsThe Australian Dollar (AUD) recovers its recent losses, trading near its six-month high of 0.6761 on Tuesday.
Read more »
Australian Dollar rises as high inflation drives RBA’s hawkish stanceThe Australian Dollar (AUD) appreciates for the fourth successive day on Friday.
Read more »