Aussie trades upside against the greenback in the Thursday Asian session. This move can be related to the strong prints of the Consumer Price Index (CPI) and Producer Price Index (PPI) from Australia’s largest customer, China. China’s headline CPI jumped the most since August 2020, by 2.3% YoY and 0.4% MoM in November. The factory-gate [...]
Australian dollar is trading slightly higher against the American dollar on Wednesday Morning Asian session. Better-than-forecast Australia Q3 GDP details favored the Australian dollar. It has to be noted that the quote has bounced from the yearly low 0.7061 just few hours before. Australia’s third-quarter (Q3) GDP had a rise of 3.9% YoY against the [...]
The Australian dollar had a fall on Tuesday after the RBA's move. The Reserve Bank of Australia (RBA) board members announced no changes to the official cash rate (OCR), leaving it at a record low of 0.1% during their November monetary policy meeting. The board made a decision to discontinue the target of 10 basis [...]
The Australian dollar is trading high against the US dollar today as investors bet that interest rates could rise as soon as April, hammering bonds and sending yields soaring to peaks not seen since 2019. The central bank declined to purchase the April 2024 target bond, even though the yield was much higher than the [...]
