* Aussie hits 6-week high overnight * USD weighed down by US mid-term elections * US Inflation nos. due tomorrow tonight The AUD/USD opened this morning up ½ cent on yesterday’s close of 0.6454. For most of the night, the Aussie was treading water around the 0.6460- 0.6480 range, however, at approx. 2 am AEDT
* Aussie opens slightly lower after choppy 24 hours * RBA hikes rates by 0.25% as expected. Takes a wait and see approach * Attention turns to US Fed decision and commentary The AUD/USD has opened this morning slightly lower from yesterday’s close of 0.6425. However, the past 24 hours have been quite eventful and
* Aussie opens slightly lower ahead of BIG week * Focus on RBA and US Fed and key economic data * Deauville Legend heavy favourite for Melbourne Cup There was little movement in the AUD/USD over the weekend as the market remains cautious ahead of a big week both in terms of interest rate decisions
* Aussie rallies overnight on USD weakness * Federal Budget has little impact on local currency * All eyes on Australian Inflation numbers due today at 11:30am AEDT The past 24 hours has been another mixed bag for the Aussie. The late release on Monday afternoon of Chinese economic data (GDP and Retail Sales) also
* Aussie recovers strongly over the weekend * USD weakness on speculation Fed considering smaller hike in Dec * Boris Johnson rules out challenge for UK Leadership The AUD/USD staged a strong recovery over the weekend opening this morning up almost 1½ cents on Fridays close. As has been the tale over the last 2-3
* Aussie rides the rollercoaster * Local job numbers for September disappoint * UK looking for 3rd PM in the space of 7 weeks The AUD/USD has opened this morning slightly above yesterdays close of 0.6257. However the past 24 hours has seen the Aussie ride the rollercoaster on the Gold Coast trading in a
AUD/USD Last week, AUD/USD came under some downward pressure for three major reasons. First, the USD further increased on expectations the Fed will raise interest rates by another 75bpt at their next meeting to take the Fed funds rate to 3.25% (upper-bound). Second, China extended lockdowns to a broader section of the community, generating fears
AUD/USD The USD lifted to a fresh 20-year cyclical high against a basket of currencies on Wednesday last week. The lift in the USD came in response to comments made by Fed Chair Jerome Powell, at the Jackson Hole Economic Symposium. Powell said the Fed is “moving our policy stance purposefully to a level that
AUD/USD The main highlight last week was the Fed’s Jackson Hole Economic Symposium. The main message to come from the Symposium was from Fed Chair Jerome Powell, who said the Fed will press on with interest rate rises, and will keep interest rate high for an extended period of time if necessary, in order bring
USD and AUD/USD Economic data out of the U.S. this week include the second estimate of U.S. Q2 real GDP. The first estimate of U.S. Q2 GDP fell -0.9% (saar), making it the second consecutive negative quarter of growth (after a -1.6% (saar) in Q1). This placed the U.S. economy in a technical recession, even