AUD/USD Breakout Builds as Yen Strength Softens the Dollar
AUD/USD is trading at its highest since early May, with the yen’s continued rally helping soften the dollar and amplify the Aussie’s upside response.
RBA
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AUD/USD, ASX 200: Household Spending Bolsters RBA Hike Bets
Australian household spending strengthened again in July, adding to inflation and construction data supporting a September RBA hike.
AUD/USD slips as DXY ignores the playbook
The US dollar moved against its recent macro playbook on Monday. AUD/USD paid the price, although bulls still hold the upper hand.
Australian Dollar Outlook: AUD/USD Wobbles on RBA Hold, US CPI Up Next
The RBA kept rates at 4.35% but retained a hawkish bias. AUD/USD now looks to US CPI for direction as traders scale back RBA hike expectations.
EUR/AUD, GBP/AUD face growing Aussie tailwinds
A likely RBA hawkish hold and higher energy prices are strengthening the fundamental case for the Australian dollar against European currencies. EUR/AUD and GBP/AUD are in focus as traders assess whether those macro tailwinds translate to fresh downside.
Australian Dollar Forecast: AUD/USD Reverses Gains Ahead of RBA “Hawkish Hold”
Markets are pricing in a “hawkish hold” with the RBA acknowledging the upside risks to inflation and hinting that the next move will be an increase - see what that might mean for AUD/USD!
