Australian dollar trades low against the American dollar during Monday Early morning Asian session. The rationale behind the move can be linked to negative headlines at Australia and China. Unfortunately Australia recorded a high daily covid infection number, 37,152 at the latest per the latest News. Even so, Australia Prime Minister Scott Morrisson said, “We're [...]
Australian dollar inched higher against the American dollar during Tuesday Asian session. Optimistic comments from CBA Analysts and diminishing fears on Omicron variant favored the Aussie. Analysts at Commonwealth Bank of Australia (CBA) offered an optimistic outlook for AUD/USD. “The Aussie dollar is expected to rise over 2022 to reach US78-80 cents by the December [...]
Aussie traded downside against the greenback on Monday. The drop can be linked to multiple catalysts - Omicron fear creating sour sentiment in the market, People’s Bank of China’s (PBOC) surprise rate cut and Slump of the Magellan Financial Group to its worst session on losing a major client. Growing fears on the omicron virus [...]
Australian dollar edged higher against the American dollar during the Early Asian session. This moves comes after the strong jobs data which rises the likelihood of the central bank to wind down its pandemic-era bond buying early next year, following in the foot steps of the U.S. Federal Reserve. Australia Unemployment Rate dropped to 4.6%, [...]
