The selling pressure in the Australian Dollar (AUD) lost traction on Monday and sponsored a decent rebound in AUD/USD to the 0.6450-0.6455 band after two daily pullbacks in a row.
AUD/USD rebounded further from Friday’s YTD lows. The better tone in the risk complex helped AUD. Investors’ attention shifts to the release of inflation data. The selling pressure in the Australia n Dollar lost traction on Monday and sponsored a decent rebound in AUD/USD to the 0.6450-0.6455 band after two daily pullbacks in a row.
It's worth noting that both the RBA and the Fed are among the final G10 central banks expected to consider interest rate adjustments this year. With the Fed maintaining a firm stance on tightening monetary policies and the possibility of the RBA beginning an easing cycle later in the year, AUD/USD is likely to face sustained downward pressure in the short and medium terms.
Recommended Currencies Australia RBA
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.
AUD/USD Forecast: Next on the upside comes 0.6670Renewed selling pressure on the US Dollar (USD) prompted AUD/USD to reverse part of the recent weakness and approach the mid-.0.6500s on Monday following two daily pullbacks in a row.
Read more »
AUD/USD Forecast: Decent contention remains near 0.6500The slight upward pressure on the US Dollar (USD) prompted a similarly tepid retreat in AUD/USD on Wednesday, holding the pair around 0.6530 and adding to Tuesday’s pullback.
Read more »
AUD/USD Forecast: Bears hold the grip, 0.6400 at sightThe AUD/USD pair traded as low as 0.6484 on Thursday, but it trimmed most of its intraday losses and heads into the daily close trading around 0.6520.
Read more »
Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at LastThis article concentrates on the fundamental outlook for the Australian dollar, analyzing market catalysts and key drivers that are expected to exert significant influence on the currency's dynamics in the second quarter.
Read more »
Australian Dollar Q2 Technical Forecast: AUD/USD and AUD/JPYThis article offers a detailed examination of the technical outlook for the Australian dollar, dissecting price action dynamics and market sentiment to uncover potential catalysts for major market shifts.
Read more »
AUD/USD Forecast: Poised to challenge the 2024 low at 0.6441The Australian Dollar (AUD) plummeted against its American rival at the beginning of the week, with the pair heading into Tuesday's opening trading near the March low at 0.6476.
Read more »