Aussie seems to be boosted with the positive employment data and further Fed dovish announcement also acts as positive catalyst for AUD/USD. Australia’s Employment change showed a positive data while crossing 30K forecast and 29.1K prior with 88.7K whereas the Unemployment Rate dropped below 6.3% market consensus and 6.4% previous readouts to 5.8%. It should, [...]
Goldman Sachs says in a latest preview for Wednesday’s key Federal Open Market Committee (FOMC) meeting, “The Fed needs to see substantial further progress on employment and inflation to conclude that tapering is appropriate, which is unlikely to happen until the second half of 2021.” This report also says that the US central bank may [...]
The Japanese government is about to decide on Thursday on whether to lift the coronavirus pandemic-induced state of emergency, as the emergency in Tokyo and surrounding regions is set to end on March 21, a news was reported. This came after Tokyo reported 175 new COVID-19 cases Monday, which fell below 200 for the first [...]
Aussie falls after RBA Governor Philip Lowe’s speech during the early Monday. Although RBA’s Lowe tried to sell the Aussie government’s policies, his comments over inflation and employment seem to have weighed on the AUD. The Reserve Bank of Australia's governor Philip Lowe said on Monday that the central bank is doing what it can [...]
