The AUD/USD pair falls back to 0.6660 while attempting to capture the round-level resistance of 0.6700 in Friday’s London session.
AUD/USD drops to near 0.6660 as investors are expected to make informed positions after the US NFP report for May. The Fed is expected to start reducing interest rates from September. Investors see the RBA holding interest rates steady by the year-end. The Aussie asset faces pressure as uncertainty ahead of the release of the United States Nonfarm Payrolls report for May limits the upside in risk-perceived assets.
The CME FedWatch tool shows that the Fed would choose the September meeting as the earliest point to start unwinding the restrictive interest rate stance. While soft figures would boost Fed rate-cut expectations for September. Meanwhile, the Australian Dollar holds gains as the Reserve Bank of Australia appears to list as those central banks that are not expected to deliver rate cuts this year.
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 trades with mild gains above 0.6650, all eyes on US NFP dataThe AUD/USD pair trades with mild gains near 0.6670 on Friday during the early Asian trading hours.
Read more »
AUD/USD trades with mild gains above 0.6650, all eyes on US NFP dataThe AUD/USD pair trades with mild gains near 0.6670 on Friday during the early Asian trading hours.
Read more »
AUD/USD trades with mild gains above 0.6650, all eyes on US NFP dataThe AUD/USD pair trades with mild gains near 0.6670 on Friday during the early Asian trading hours.
Read more »
AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since May 21, 2024 03:00 GMT when AUD/USD traded near 0.67.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
Read more »
AUD/USD advances to 0.6670 ahead of Australian monthly CPI dataThe AUD/USD pair continues its winning streak for the third trading session on Tuesday.
Read more »
AUD/USD steady around 0.6640 ahead of Aussie’s inflation dataThe Australian Dollar registered minuscule losses against the US Dollar on Tuesday amid higher US Treasury yields.
Read more »