AUD/USD rebounds above 0.6400 on upbeat retail sales despite Powell’s hawkish tone

The Australian Dollar (AUD) reverses its course advances from around last week’s low of 0.6380 against the US Dollar (USD), bolstered by upbeat econom

ic data, despite a hawkish rhetoric by the US Federal Reserve . Falling US bond yields lent a lifeline to the AUD, as the AUD/USD trades at 0.6428, gaining 0.42%.The AUD/USD is set to extend its losses after the US Federal Reserve Chair,, delivered hawkish remarks at Jackson Hole. Even though the pair is staging a comeback after snapping two days of losses, the resumption of higher US bond yields could underpin the greenback in the near term.

Following Powell’s remarks, money market futures are confident the Fed will skip a rate hike in September, but the odds for November are rising, as shown by the CME FedWatch Tool seeing a 49% chance of a 25 bps rate hike,, a gauge of the buck’s value against a basket of six currencies, drops to its daily low at 103.977, a headwind for the USD/MXN.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

FXStreetNews /  🏆 14. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Forex analysis: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD [Video]Watch the video for the key trading levels for the week ahead for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD.
Lire la suite »

AUD/USD stays defensive near 0.6400 amid mixed concerns about China, Australia Retail Sales eyedAUD/USD struggles begins the trading week on a defensive mode around 0.6400 as it justifies the mixed clues surrounding major customer China ahead of
Lire la suite »

When is Australia Retail Sales and how could it affect AUD/USD?Early Monday, around 01:30 AM GMT, the market sees preliminary readings of Australia's seasonally adjusted Retail Sales for July month. Market consens
Lire la suite »

AUD/USD rebound prods 0.6430 resistance amid firmer Australia Retail Sales, China stimulus newsAUD/USD rises half a percent to around 0.6440 as it prods the key upside hurdle after witnessing upbeat Australia Retail Sales. Adding strength to the
Lire la suite »

AUD/USD sticks to intraday gains around 0.6425-30 area, upside potential seems limitedThe AUD/USD pair regains positive traction on the first day of a new week and climbs to the 0.6430 area during the Asian session, snapping a two-day l
Lire la suite »

AUD/USD is still seen within a consolidative rangeIn the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, AUD/USD is now likely to trade between 0.6365 and 0.6500 in t
Lire la suite »