AUD/USD prints a new five-month high above 0.6900 as the USD remains offered AUDUSD Majors Currencies
continue to rise. At the time of writing, the AUD/USD is trading at 0.6948, above its opening price by 1.11%.Wall Street extends its gains on Monday, ahead of the first release of US earnings. Inflation expectations in the revealed by a New York Fed survey showed that consumers for one-year-ahead inflation decelerated to 5% in December, on its lowest reading since July 2021. However, estimates for the three-year period were unchanged at 3%, while for a longer term, they edged 0.1% up to 2.4%.
Reports from China added to an upbeat sentiment, suggesting that the country will boost the issuance of special local governmentto a record high of CNY 3.8 trillion. Senior PBOC official Guo said growth would soon return to “normal” as policymakers support households and private companies more. Guo added that “The key to the economic recovery is to convert current total income to consumption and investment to the largest possible extent.”Following a daily close above 0.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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 clings to gains near multi-month top, comfortably above 0.6900 amid weaker USDAUD/USD clings to gains near multi-month top, comfortably above 0.6900 amid weaker USD – by hareshmenghani AUDUSD Fed Bonds RiskAppetite Currencies
Read more »
AUD/USD advances to near 0.6880 amid upbeat market mood, more upside seems favoredThe AUD/USD pair is expected to turn sideways after a juggernaut rally to near the crucial resistance of 0.6880. For further upside, more buying inter
Read more »
AUD/USD bulls flirt with 0.6900 as firmer sentiment battles with downbeat Aussie dataAUD/USD bulls flirt with 0.6900 as firmer sentiment battles with downbeat Aussie data – by anilpanchal7 AUDUSD RiskAppetite Inflation Housing Fed
Read more »
AUD/USD Price Analysis: Aims to conquer 0.7000 amid a cheerful market moodThe AUD/USD pair is displaying a sideways auction around the immediate hurdle of 0.6930 in the Asian session. The Aussie asset is expected to continue
Read more »
AUD/USD: Extra gains now look at 0.6950 – UOBThe ongoing upside bias could motivate AUD/USD to strengthen to the 0.6950 region in the next few weeks, suggested UOB Group’s Economist Lee Sue Ann a
Read more »
AUD/USD to race higher toward the 0.7090/0.7130 area – SocGenAUD spearheads G10 gains. Economists at Société Générale expect the AUD/USD pair to extend its advance towards the 0.7090/0.7130 region. Support 0.683
Read more »