The Australian Dollar (AUD) hit a 10-month low on Wednesday. However, the AUD/USD pair attempts to recover from the recent losses despite disappointin
, trading at its highest levels since December. This surge in the US Dollar is attributed to the positive performance of US Treasury yields over an impending US government shutdown. The yield on the 10-year US Treasury note has reached record highs.
Daily Digest Market Movers: Australian Dollar falls on market caution, higher US Treasury yields, hot macros Australia’s Monthly Consumer Price Index year-over-year for August rose 5.2% as expected, up from the previous rate of 4.9%. EIA Crude Oil Stocks Change data, on the week ending on September 22, decreased to a reading of -2.17M from -2.135M prior. The report was expected to release a -0.32M figures.
The hawkish remarks from Neel Kashkari, the President of the Minneapolis Federal Reserve have led to a broad-based strengthening of the US Dollar and have acted as a headwind for the AUD/USD pair. Kashkari emphasized the potential for additional rate hikes in the future.
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.
AUD/USD pings new ten-month lows into 0.6330 ahead of Aussie Retail Sales, US PCEThe AUD/USD slipped to a ten-month low of 0.6331 in late Wednesday trading and is currently down around 45 pips, or -0.7%, for the day near 0.6350. Au
Lire la suite »
Indonesia bans retail sales on social media to protect small businessesThe regulation means social media firms will not be able to conduct direct transactions but only promote products on their platforms.
Lire la suite »
Australia’s Retail Sales rise 0.2% MoM in August vs. 0.3% expectedAustralia’s Retail Sales, a measure of the country’s consumer spending, rose 0.2% in August on a monthly basis, as against July’s 0.5% increase, accor
Lire la suite »
The Taylor Swift Effect: Travis Kelce jersey sales spike massively according to retail shopLook what you made people do, Taylor Swift.
Lire la suite »
Retail theft is getting more dangerous, new survey saysThe National Retail Federation released its annual retail safety survey this week.
Lire la suite »
Target closing 3 Bay Area stores, blames organized retail crimeThe retail giant blamed organized retail crime and unsuccessful anti-theft measures.
Lire la suite »