AUD/USD experiences an uptick as a robust Australian Dollar finds support in anticipation of the Reserve Bank of Australia’s forthcoming interest rate decision. The RBA is widely anticipated to maintain its cash rate at 4.35% for a second consecutive meeting. A weak July payrolls report created headwinds for the US Dollar, introducing rate uncertainty following … Read more
AUD/USD maintains its decline as the demand for the US Dollar as a safe haven increases, driven by escalating tensions between the US and Iran, along with risks in the Strait of Hormuz. A surprising decline of 23,000 Nonfarm Payrolls in July has dampened expectations for an imminent interest rate hike by the Federal Reserve. … Read more
Australia’s Trade Surplus reached A$1,929M in June, significantly surpassing expectations, propelled by a 9.6% increase in exports. An Iran-Oman shipping agreement in the Strait of Hormuz has diminished the demand for the US Dollar as a safe haven. US private payrolls increased by a mere 44K in July, falling short of expectations and exerting pressure … Read more
Australia’s ANZ–Indeed Job Ads increased by 2.0% in July, reflecting widespread robustness across various states and sectors. The TD-MI Inflation Gauge experienced a notable increase of 1.0% in July, representing its first rise since April. RBA Governor Bullock cautioned that elevated underlying inflation may increase further, postponing any potential policy easing. AUD/USD experiences an uptick … Read more
