The AUD/USD pair oscillates in a narrow trading range during the Asian session on Thursday and consolidates the previous day's hotter US CPI-inspired slump to over a one-week low.
AUD/USD is seen consolidating Wednesday’s post-US CPI slump to over a one-week low. Bets that the Fed will delay cutting rates underpin the USD and cap the upside for the pair. Softer Chinese inflation figures do little to influence the Aussie or provide any impetus. The AUD/USD pair oscillates in a narrow trading range during the Asian session on Thursday and consolidates the previous day's hotter US CPI-inspired slump to over a one-week low. Spot prices hold steady above the 0.
3% previous and does little to provide any meaningful impetus to the Aussie. The US Dollar , on the other hand, ticks lower amid some profit-taking after the previous day's sharp spike to the highest level since November 14 and lends some support to the AUD/USD pair. Any meaningful USD corrective decline, however, still seems elusive in the wake of expectations that the Federal Reserve will delay cutting interest rates amid sticky inflation.
China Inflation Fed Currencies
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 edges higher after positive Chinese dataAUD/USD is edging higher, trading in the 0.6570s on Monday, after the release of strong Chinese data showed higher-than-expected growth in Industrial Production, Retail Sales and Fixed Asset Investment, in February.
Read more »
AUD/USD holds key support of 0.6500 ahead of Fed policy meetingThe AUD/USD pair faces selling pressure but continues to hold the psychological support of 0.6500 in Wednesday’s late European session ahead of the Federal Reserve’s (Fed) monetary policy decision, which will be announced at 18:00 GMT.
Read more »
AUD/USD finds some support above the 0.6500 mark, Australian CPI data eyedThe AUD/USD pair finds some support above the 0.6500 mark during the early Asian session on Monday.
Read more »
AUD/USD gains ground above 0.6520 amid quiet sessionThe AUD/USD kicks off the new week on a positive note around 0.6525.
Read more »
AUD/USD Price Analysis: Remains stuck in tight range slightly above 0.6500The AUD/USD pair trades sideways in a narrow range slightly above the psychological support of 0.6500 in the early New York session on Monday.
Read more »
AUD/USD loses steam above 0.6500 weighed by upbeat US macroeconomic dataAussie’s recovery is losing pace, as US macroeconomic data beats expectations.
Read more »