The AUD/USD pair gathers strength around 0.6715 during the early European session on Thursday.
AUD/USD trades in positive territory for three straight days near 0.6715 in Thursday’s early European session. The upbeat Australian economic data fueled arguments that the RBA could raise interest rates again. The cautious stance from the Fed officials might help limit the USD’s downside. The uptick of the Australian Dollar is bolstered by the encouraging Retail Sales data for May, which spurred the case for a rate hike by the Reserve Bank of Australia .
Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia influences the Australian Dollar by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole.
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.
US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to WatchUS dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop
Read more »
AUD/USD comes under pressure as US Dollar gains ground ahead of US economic dataThe AUD/USD pair exhibits a subdued performance near 0.6650 in Wednesday’s European session.
Read more »
AUD/USD finds cushion near 0.6630 as US Dollar retreats after weekly US jobless dataThe AUD/USD pair rebounds from 0.6630 in Thursday’s New York session.
Read more »
AUD/USD remains under pressure below 0.6600 on renewed US Dollar demandThe AUD/USD pair remains under some selling pressure around 0.6580 during the early Asian session on Monday.
Read more »
AUD/USD weakens below 0.6650 amid firmer US Dollar, stronger US PMI dataThe AUD/USD pair trades in negative territory for the third consecutive day around 0.6640 during the early Asian session on Monday.
Read more »
AUD/USD edges higher to 0.6660 as US Dollar eases ahead of US core PCE InflationThe AUD/USD pair is slightly higher at 0.6660 in Thursday’s European session.
Read more »