* Aussie fails to push on despite strong local job numbers * USD bounces back on better than expected US Retail Sales * US mid-term elections confirm split – Democrats hold Senate. Republicans take House of Reps For most of the week, the AUD has been riding the wave (due largely to softer US inflation
* AUD/USD marches on * US Inflation data and easing of Covid restrictions in China support AUD * Day of consolidation? The AUD/USD opened this morning slightly higher than Sydney’s Friday close of 0.6661. Over the weekend, it gradually climbed and just after 8 am this morning, it reached 0.6715 (not seen since 20 September)
* AUD/USD rallies to fresh 6-week high * USD plummets on weaker than expected US Inflation numbers * US mid-term elections take a back seat Weaker than expected US Inflation numbers (Consumer Price Index) for October and the 12 months to date have seen the USD fall sharply against most major currencies, including the Aussie.
* 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