AUD/USD AUD/USD has been remarkably strong over recent weeks. And last week’s close at 0.7370, was AUD/USD’s its highest weekly close in four-months. The reasons behind the unusual strength in AUD since the Ukraine-Russian conflict commenced was highlighted in last week’s weekly. But in a nutshell, the strength in AUD reflects a number of reasons:
AUD/USD In an unusual turn of events, AUD/USD and AUD/EUR both managed to close the week higher, despite Russia invading Ukraine. AUD also managed to close the week higher against the traditional “safe haven” currencies of JPY and CHF. The dip in AUD following the act of war only lasted a little over 24 hours.
AUD/USD AUD/USD remained within a narrower trading range over the course of last week, compared to the previous week. The narrow range in AUD was notable despite rising tensions between Russia and the Ukraine, that has created volatility in global bond and equity markets. Last week, the Australian January labour market report was relatively strong,
AUD/USD Outlook AUD/USD edged higher over the course of last week, experiencing the usual amount of currency volatility, but retraced more than half of its early-week gains. This week’s economic highlight is the Australian January labour market report (released Thursday). The consensus is for a slight monthly decline in Australia’s total employment by 20k, after
AUD/USD consolidates Friday’s heavy losses at a slower pace as markets look for fresh clues. Upbeat Aussie data, border reopening news battle fresh US-China tussle on Phase 1 deal to test momentum traders. Lack of major data/events ahead of Thursday’s US CPI will keep risk catalysts on the driver’s seat. AUD/USD prices seesaw around 0.7125-20
AUD/USD kicks off the Fed week on the wrong footing. Investors remain cautious amid Omicron uncertainty, ahead of Fed decision. The aussie ended its five-week losing streak in the previous week. Despite the record close on Wall Street indices last Friday, AUD/USD failed to extend its recovery momentum into the weekly opening, The spot is currently
AUD/USD fades bounce off three-month low after the heaviest daily fall since early November. Australia reports first case of Omincron but PM Morrison rejects calls of quarantine before Christmas. Virus roiled markets by pushing back monetary policy tightening hopes and wither growth optimism. US housing data, Fed’s Powell will be important but nothing more than
AUD/USD bears stay in control into daily support but correction in sight. Central banks are the focus and FOMC minutes will be key. AUSD/USD ended the day on Friday 0.67% lower falling from a high of 0.7291 to a low of 0.7227. The US dollar climbed Friday as investors sought safe havens in fear of covid contagion. Austria said it
AUD/USD bulls are taking on the 38.2% Fibonacci for the open with prospects to 0.7380. A light calendar leaves the drivers with US and China markets. At 0.7327, AUD/USD ended the day on Friday higher by some 0.57% and had traveled from a low of 0.7276 reaching a high of 0.7335 by the North American
AUD/USD is sidelined as markets ditch the hawkish theme leaving global yields on the backfoot. Higher yielders in forex have suffered in recent sessions which now leaves AUD hanging in the balance of risk sentiment for the open. AUD/USD awaits the next domestic catalyst in Aussie jobs data Nov 11. AUD/USD ended the week sharply