AUD/USD eyes weekly gains above 0.6700 ahead of China PMI, Fed’s favorite inflation – by anilpanchal7 AUDUSD RiskAversion Fed Inflation PMI
n Friday. Adding importance to the day’s Asian session are China’s official Purchasing Managers’ Indexes for March.
Receding fears of the banking crisis join the confusion about the future rate hikes among the key central banks to allow the AUD/USD pair cheer the risk-on mood. Adding strength to the optimism, as well as the Aussie price are the comments from China suggesting the higher growth figures in March that the first two months of the year.Chair Jerome Powell teased one more rate hike in the current year and the other policymakers followed the suit while highlighting the task of taming inflation.
Alternatively, China's Taiwan Affairs Office threatened retaliation over Taiwan President Tsai Ing-wen's visit to the US on Wednesday. Additionally, China's Premier Li Qiang recently said that the economic situation in March is even better than in January and February. The policymaker, however, also raised geopolitical tension by opposing trade protectionism and decoupling, which indirectly targets the US.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD rises above 0.6700 amidst a soft US Dollar, falling US bond yieldsThe Australian Dollar (AUD) edges higher against the US Dollar (USD), which continues to weaken across the board, as shown by a basket of six currenci
Read more »
AUD/USD remains depressed below 0.6700, just above daily low amid modest USD strengthThe AUD/USD pair comes under some renewed selling pressure on Wednesday and reverses a major part of the previous day's positive move. The pair mainta
Read more »
When is Australia inflation data and how could it affect AUD/USD?Australia’s Monthly Consumer Price Index (CPI) for February, scheduled for publishing on early Wednesday around 00:30 GMT, appears the crucial data fo
Read more »
AUD/USD Price Analysis: Auctions below 0.6700 as soften Australian CPI cements steady RBA policyThe AUD/USD pair is displaying topsy-turvy moves below the round-level resistance of 0.6700 in the Asian session. The Aussie asset has turned rangebou
Read more »
AUD/USD should strengthen over the medium-term – SocGenAUD/USD trims yesterday’s gains after below forecast February CPI cements case for RBA pause next Tuesday. Nonetheless, economists at Société Générale
Read more »
AUD/USD extends softer Aussie CPI-led downfall, refreshes daily low near 0.6675-70 areaAUD/USD extends softer Aussie CPI-led downfall, refreshes daily low near 0.6675-70 area – by hareshmenghani AUDUSD Inflation RBA RiskAppetite Currencies
Read more »