AUD/USD Last week, AUD/USD closed at 0.7515, and near the high of the week. AUD continues to outperform, with the RBA’s trade-weighted index up 7.5% since the start of February. The RBA will likely be viewing the AUD’s appreciation as helpful to dampen imported inflation pressures. The RBA will not be concerned that AUD’s appreciation
AUD/USD After a week of consolidating earlier gains, AUD/USD proceeded to appreciate again, and closed last week on its highs at 0.7415. This in itself is a bullish signal, suggesting further gains for AUD/USD.One of the key reasons for further appreciation in AUD/USD is because the USD has begun to decline, despite last week, the
AUD/USD After surging to four-month high of 0.7441 in the early part of last week, AUD/USD spent the rest of the week easing lower and consolidating those gains. Helping to lift AUD/USD in the early part of the week were record highs in the prices of a number of base metals prices (of which Australia
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