AUD/USD trades back down at the lows of the day, during the US session on Thursday, after a batch of relatively strong American data helped the US Dollar (USD) claw back lost ground.
AUD/USD declines back down to the 0.6580s. Aussie employment data and Fed meeting outcome had boosted the pair early on Thursday. Upbeat US data saw AUD/USD fall back down, however, during the US session. AUD/USD trades back down at the lows of the day, during the US session on Thursday, after a batch of relatively strong American data helped the US Dollar claw back lost ground.
AUD/USD rallied on Wednesday, triggered by US Dollar weakness after the Federal Reserve March policy meeting. At the meeting the Fed reaffirmed they would still be cutting interest rates by roughly three quarters of a percent in 2024 despite speculation they would reduce rate cuts because of recent warmer-than-expected inflation reading. Early on Thursday the pair continued rising after it was revealed Australia added 116,500 new employees in February and saw its Unemployment Rate fall to 3.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aussie Dollar Outlook: AUD/USD Finds Resistance Ahead of Inflation DataAUD/USD is coming off a string of eight consecutive days of gains but appears to have found resistance at a key longer-term level now that Chinese markets have eased
Read more »
AUD/USD loses ground above the 0.6600 mark amid modest rebound in US DollarThe AUD/USD pair trades with a mild negative bias above the 0.6600 psychological mark during the early Asian session on Monday.
Read more »
AUD/USD Gives Away Part of Last Week's Advance as US Dollar RecoversThe AUD/USD pair is giving away part of last week's strong advance as the US Dollar recovers. The RBA's S. Hunter is set to speak later today. The US Dollar's bid bias has prompted a corrective move in the risk complex, causing AUD/USD to test the 0.6600 support level. US yields have declined, but there is speculation about the Fed's anticipated interest rate cut in June. Range-bound trade is expected in the near term as investors await key US inflation figures.
Read more »
Dollar Tree to Close 370 Family Dollar Locations and 30 Dollar Tree StoresDollar Tree, the discount variety store chain, plans to close 370 Family Dollar locations and 30 Dollar Tree stores due to difficulties in maintaining the value of both brands. The company aims to improve profitability and unlock value at Family Dollar.
Read more »
AUD/USD Forecast: Buyers willing to push it further upThe AUD/USD pair peaked on Tuesday at 0.6578, the highest in three weeks early in the American session.
Read more »
AUD/USD Forecast: Decent resistance emerges around 0.6600The upward momentum of the Australian dollar halted on Monday after eight consecutive sessions of gains vs.
Read more »