The Australian Dollar received support from the hawkish mood surrounding the RBA. China’s Consumer Price Index rose by 0.6% YoY in August, up from 0.5% in […]
Tag: Dollar
Australian Dollar remains weaker following GDP, China Services PMI data
The Australian Dollar remains weaker following the mixed economic data on Wednesday. The Bank of America has revised its economic growth forecast for China, lowering its […]
Australian Dollar consolidates despite improved market optimism
The Australian Dollar moves sideways despite positive economic data on Monday. Australia’s Building Permits increased by 10.4% MoM in July, marking the strongest growth since […]
Dollar holds gains ahead of US inflation test
By Rae Wee SINGAPORE (Reuters) -The New Zealand dollar made solid gains on Thursday in the wake of an upbeat business outlook survey, while the […]
Gold prices rise as US Dollar tumbles after Powell’s speech
Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar […]
Australian Dollar closes the week strong helped by a weaker USD and a hawkish RBA
AUD/USD soared on Friday after Powell’s words at the Jackson Hole Symposium. Powell hinted that the Fed is ready to cut rates. On the other […]
Australian Dollar remains solid as US Dollar depreciates ahead of Fed Powell’s speech
The Australian Dollar gains ground due to an improved risk-on mood on Friday. The AUD may appreciate further due to the hawkish sentiment surrounding the […]
New Zealand Dollar remains strong after PBoC holds Loan Prime Rates steady
The New Zealand Dollar gains momentum in Tuesday’s Asian session. The positive risk sentiment weighs on the US Dollar and lifts NZD/USD. The PBoC left […]
Dollar falls on bets for dovish Fed
By Rae Wee SINGAPORE (Reuters) -The U.S. dollar declined broadly on Monday and slid against the yen in particular as investors bet on a dovish […]
Australian Dollar steady as hawkish RBA makes the Aussie gain interest
AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. […]