Currency pair AUD/USD sober welcome to March around 0.7700 after biggest daily drop in a year

AUD/USD wavers around three-week low flashed on Friday. RBA’s surprise bond purchase, upbeat US data portrayed heaviest decline since March 18, 2020. China’s NBS Manufacturing PMI eased in February, Caixin PMI awaited. Treasury yields, US stimulus headlines and month-start activity numbers will be the key.   AUD/USD gyrates near a three-week low, currently around 0.7710,

Currency pair AUD/USD bulls eye 0.7800 amid US dollar weakness, cautious optimism

AUD/USD keeps Friday’s upside momentum, stays above 0.7750 at the week’s start. US dollar weakness could be traced to the rally in equities, Treasury yields. Fresh lockdowns in Pacific nations, off in China probed bulls cheering stimulus, vaccine developments. A light calendar ahead, off in Beijing and Washing will keep risk catalysts on the driver’s

Currency pair AUD/USD bears eye 0.7600 as risk aversion extends into February

AUD/USD begins February with a gap-down after taking a U-turn from highest since March 2018 peak the previous month. Gyrations in stocks, five-day lockdown in Perth and downbeat China PMIs favor sellers. Second-tier data from Australia, China’s Caixin Manufacturing PMI will decorate the calendar in Asia. AUD/USD kick-starts February with a downside gap from 0.7641

Currency pair AUD/USD bears flexing muscles around 0.7700 amid virus, stimulus concerns

AUD/USD keeps Friday’s bearish impulse around key support levels. Fresh challenges to US President Joe Biden’s $1.9 trillion stimulus, covid strain worries weigh on risks. Mixed data renewed doubts over monetary policy actions. The key risk catalysts will be in spotlight amid a light calendar. AUD/USD begins the week’s trading on a back foot as

Currency pair AUD/USD bulls battle 0.7550 amid cautious optimism

AUD/USD wavers around the mid-0.7500s after a week-start gap-up of nearly 15-pips. Brexit, vaccine news recently lifted the mood, uncertainty over US stimulus, virus woes probe the bulls. Iron ore’s record high, US dollar weakness keeps the bulls hopeful amid a light calendar. AUD/USD keeps the upside gap from Friday’s close while taking rounds to

Currency pair AUD/USD stays above 0.7400 amid stimulus hopes, eyes China trade data

AUD/USD fades week-start recovery moves, eases from 0.7430 Australia’s AiG Performance of Services Index rose past-51.4 in November. Stimulus hopes gain momentum, downbeat US employment report increases the push. China trade figures for November, risk catalysts to remain in the spotlight. AUD/USD seesaws around 0.7430 at the start of Monday’s Asian trading. In doing so,

Currency pair AUD/USD bulls cheer risk-on mood to attack 0.7400 ahead of China PMI

AUD/USD stays positive, wavers between 0.7381 and 0.7392 off-late, around three-month high. S&P 500 refreshed record high, DXY probes September low. Vaccine hopes, US dollar weakness favor the bulls, Brexit jitters, virus woes and Aussie-China tussle test the upside momentum. Australia’s TD Securities Inflation, China’s NBS Manufacturing PMI to offer immediate direction, risk catalysts remain

Currencu pair AUD/USD refreshes monthly top above 0.7300 as ASX 200 probes February high

AUD/USD extends Friday’s recovery moves amid cautious optimism. Australia’s CBA PMIs flashed upbeat data for November, Treasurer Frydenberg suggested tax break extension. Virus woes battle vaccine/treatment hopes, the tussle between the US Fed and Treasury challenges the risks. US PMIs, virus updates and news on Fed/Treasury drama will be the key. AUD/USD rises to the