AUD/USD is holding higher above 0.7180 after Australian Inflation beats with 5.1%. Hotter Inflation has raised the odds of a hawkish stance by the RBA in May. Fears of China’s Covid-19 outbreak and Ukraine crisis creates a dismal market mood. The Australian dollar got a lift on Wednesday as data showed inflation blew past [...]
Aussie trades higher around multi-day high level of 0.7420. Hawkish RBA Minutes, Shanghai reopening news underpins the uptrend of Aussie. Hawkish Fed bets acts as a headwind for the uptrend of Aussie. The Australian dollar edged higher against the American dollar during Wednesday trading session amidst hawkish RBA minutes and Shanghai reopening favoring the [...]
China’s CPI has landed at 1.5%, against the expectation of 0.1% and previous readout of 0.9%. The Fed’s hawkish outlook and the dovish RBA has underpinned the bearish trend for AUD/USD. Ukraine woes weigh on the market sentiment. The Australian dollar lost its ground against the American dollar during Monday trading session despite as [...]
The AUD jumped to a nine-month high on Tuesday after the RBA signalled higher interest rates were closer. In April policy meeting, Reserve Bank of Australia (RBA) kept its cash rate at 0.1% as widely expected. Lack of progress in the Russia-Ukraine peace negotiations, may cap the gains of Aussie. The Australian dollar jumped to [...]
