AUD/USD stays firmer past 0.6600, focus on RBA’s Lowe, China’s Covid conditions – by anilpanchal7 AUDUSD RiskAppetite RBA Fed Coronavirus
In doing so, the Aussie pair also takes clues from the softer US Dollar while struggling to justify the Covid woes in Australia’s largest customer, namely China. Firmer prints of the weekly ANZ-Roy Morgan Consumer Confidence and hopes of better trade ties with China also seemed to have underpinned the AUD/USD pair’s latest rebound.
It’s worth ANZ-Roy Morgan consumer confidence rose 1% in the latest week, its second consecutive weekly rise, and is now slightly above the 4-week average, stated Reuters. On the other hand, the Financial Times mentioned, “The first bilateral meeting between the leaders of China and Australia since 2016 raised hopes that acrimonious tensions between the countries might be easing, leading to the eventual lifting of trade sanctions imposed by Beijing.
On the same line were recently softer US data and comments from the United States Federal Reserve policymakers. of Cleveland President Loretta Mester said in a CNBC interview, “I think we can slow down from 75 at the December meeting.” Previously, Atlanta Federal Reserve President Raphael Bostic also turned down the 75 bps move and challenged the DXY bulls. Additionally, downbeat prints of the Chicago Fed National Activity Index for October, to -0.05 compared to 0.
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.
Pairs in Focus This Week-Gold, Oil, Bitcoin, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 20th, 2022 here.
Lire la suite »
AUD/USD seems vulnerable near one-week low amid broad-based USD strengthThe AUD/USD pair extends last week's retracement slide from the vicinity of the 0.6800 mark, or over a two-month high and attracts some follow-through
Lire la suite »
AUD/USD: Break above 0.6797 needed to regain near-term upside momentum – Credit SuisseAUD/USD has not followed through on the recent break above 0.6725. However, analysts at Credit Suisse see the current pause as a correction ahead of f
Lire la suite »
AUD/USD plummets below 0.6600 as mood dampened, buoyant US DollarThe Australian Dollar (AUD) fell for the fourth straight day in a risk-off mood after news broke that the latest China Covid-19 outbreak caused three
Lire la suite »
AUD/USD Price Analysis: Bulls are lurking in daily support, 0.6570/50As per the prior analysis, AUDUSD Price Analysis: Bears eye a breakout to the downside for the opening sessions, the price has indeed moved lower as t
Lire la suite »