The continuation of the selling bias in the US Dollar (USD) helped AUD/USD extend its recovery further north of 0.6600 the figure in a quite positive start to the new trading week.
AUD/USD adds to Friday’s gains north of 0.6600. The weak tone in the Greenback supported the pair’s uptick. Australia n flash Retail Sales are due on Tuesday. The continuation of the selling bias in the US Dollar helped AUD/USD extend its recovery further north of 0.6600 the figure in a quite positive start to the new trading week.
The RBA's economic forecasts suggest that inflation will remain high until Q2 2025, driven by service price inflation, before returning to the 2%–3% target range by late 2025 and reaching the midpoint by 2026. Investors currently anticipate the RBA will keep its Official Cash Rate unchanged at its June 18 meeting, with no rate cuts expected this year.
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AUD/USD Forecast: Further gains retarget 0.6650Thursday saw another negative session of the US Dollar (USD), prompting AUD/USD to build on Wednesday’s gains and extend the trespass of the 0.6500 barrier along with the key 200-day SMA (0.6520).
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AUD/USD Forecast: Further advance appears on the cardsFresh selling pressure in the US Dollar (USD) bolstered the recovery in the risk-associated universe, encouraging AUD/USD to reclaim the area beyond 0.6600 the figure on Thursday.
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AUD/USD Forecast: Further advances in the pipelinePersevering downward pressure on the US Dollar (USD) bolstered the recovery in risk-associated assets, driving AUD/USD to reclaim levels above 0.6600 on Tuesday.
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AUD/USD weakens further as US Treasury yields boost US DollarThe Australian Dollar extended its losses against the US Dollar for the second straight day, as higher US Treasury bond yields underpinned the Greenback.
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AUD/USD Forecast: Next on the downside comes 0.6520Wednesday saw another daily advance in the US Dollar (USD), causing AUD/USD to add to Tuesday’s corrective decline and revisit four-day lows near 0.6560.
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