TAG: c-aud-usd
AUD to USD Forecast: Wage Gains Keep RBA Hawkish, AUD/USD Bullish
Aussie Wage Growth Keeps RBA Rate Hike on TableOn Tuesday, August 13, wage growth figures for Q2 2024 drove buyer demand for the AUD/USD. Wages increased by 4.1% year-on-year in Q2 2024, keeping the same pace as in Q1 2024. Rising wages could boost dispos...
2 months ago
AUD/USD Forecast – Aussie Dollar Continues to Reach Towards a Ceiling
Australian Dollar vs US Dollar Technical AnalysisThe Australian dollar initially tried to rally during the trading session on Wednesday, but it looks like the 0.6650 level continues to offer a bit of resistance. Furthermore, you have to look at the last w...
2 months ago
AUD/USD Daily Forecast: Chinese Economic Data and Aussie Jobs in Focus
Aussie Labor Market in FocusOn Thursday, August 15, Australian labor market data will influence buyer demand for the AUD/USD and the RBA rate path.Economists forecast the unemployment rate to remain steady at 4.1% in July.However, an unexpected fall in un...
2 months ago
AUD/USD Forecast – Aussie Dollar Continues to See Noisy Trading
Australian Dollar vs US Dollar Technical AnalysisThe Australian dollar has gone back and forth during the course of the trading session on Thursday, as it looks like we are trying to figure out where we are going next. The 0.6650 level above is a signific...
2 months ago
AUD/USD Daily Forecast: Rate Path Divergence and a Move Toward $0.70
The AUD/USD advanced by 0.21% on Thursday, August 15, closing at $0.66102. Australian labor market data left the RBA on watch as it eyes inflation trends.Aussie Labor MarketThe Australian unemployment rate increased from 4.1% in June to 4.2% in July. An u...
2 months ago
AUD/USD Forecast – Aussie Dollar Continues to Look at Same Reason
Australian Dollar vs US Dollar Technical AnalysisThe Australian dollar rallied a little bit during the early hours on Friday as it looks like we are trying to reach a common resistance barrier from before. The 0.6650 level is an area that’s been very impo...
2 months ago
AUD/USD Weekly Price Forecast – Aussie Dollar Continues to Trade in The Range
Australian Dollar vs US Dollar Weekly Technical AnalysisThe Australian dollar has rallied significantly during the course of the trading week to go looking to the 0.6650 level above, an area that previously has been resistance. It’s an area that has been...
1 month ago
The Week Ahead: Private Sector PMIs and the Jackson Hole Symposium in Focus
The US DollarThe US dollar faces a crucial week after a volatile two weeks.On Wednesday, the FOMC Meeting Minutes will draw interest. Clues on the Fed’s stance regarding interest rate cuts need consideration. Views on inflation and the labor market will b...
1 month ago
AUD/USD Daily Forecast: Will US Data Support a Push to $0.67500?
The AUD/USD rallied 0.86% on Friday, August 16, closing at $0.66266. Investor bets on a narrowing in interest rate differentials between Australia and the US drove Aussie dollar demand.Aussie Inflation and the RBA Rate PathOn Friday, August 16, RBA Govern...
1 month ago
AUD/USD Forecast – Aussie Rallies Early in The Monday Trading Hours
Australian Dollar vs US Dollar Technical AnalysisThe Australian dollar has rallied significantly during the trading session on Monday as we have broken above the 0.6650 level quite nicely and now are threatening the 0.67 level. If we can continue this mom...
1 month ago
AUD/USD Daily Forecast: Interest Rate Differential and Chinese Stimulus in Spotlight
The RBA Meeting Minutes in FocusThe RBA Meeting Minutes will spotlight the AUD/USD pairing on Tuesday, August 20.On August 6, the RBA kept the cash rate at 4.35%. Significantly, the RBA maintained its hawkish stance, with the Rate Statement highlighting c...
1 month ago
AUD/USD Forecast – Aussie Dollar Continues to Drift Higher
Australian Dollar vs US Dollar Technical AnalysisThe Australian dollar initially pulled back a little bit during the trading session on Tuesday only to turn around and show signs of life again. It’s obvious at this point that everybody’s doing everything...
1 month ago
AUD/USD Daily Forecast: Economic Indicators Suggest a Push Toward $0.70
Aussie Dollar Eyes Return to $0.70The RBA Meeting Minutes on Tuesday, August 20, drove the AUD/USD toward $0.67500.The RBA faced a close call on whether to hike interest rates for the second consecutive meeting. Elevated inflation, stronger-than-expected...
1 month ago
Australian Dollar Surges on Gold’s Record High and Rising Commodity Prices
The AUD/USD exchange rate is closely tied to Australia’s position as a leading exporter of key commodities such as iron ore, coal, and gold. As commodity prices rise, Australia experiences increased export revenues and improved economic growth, strengthen...
1 month ago