Tag Archives: Aussie
aussie
Week ahead: Wall Street sees declines as treasury yields rise
Wall Street endured a tough week, marked by significant declines driven by rising Treasury yields and hawkish comments from Federal Reserve officials. The market sentiment was further dampened by higher-than-expected inflation data from Germany and Australia, escalating global inflation concerns. As the market braces for the key US personal consumption expenditures (PCE) inflation data, dividedContinue Reading
Aussie, Kiwi steady after setback from U.S. bond yields surge
Key points: The Australian and New Zealand dollars have stabilised after experiencing setbacks due to a surge in U.S. bond yields. This rise in yields has dampened risk appetites and obscured the outlook for global rate cuts. Picture: Aussie stabilises as seen on VT Markets app. Currently, the Australian dollar (AUDUSD) is steady at $0.6605,Continue Reading
Aussie rises as investors await inflation data
Key points: The Australian dollar (AUD) climbed past $0.665 on Monday, marking its third consecutive session of gains. Market participants are bracing for upcoming domestic inflation figures, which could significantly influence the interest rate outlook. The appreciation of AUD is also supported by a broad pullback in the US dollar (USD) and strong carry demandContinue Reading
Aussie climbs as China considers buying unsold homes
Key points: China is contemplating a policy move where local governments would purchase millions of unsold homes. This initiative aims to stabilise the distressed real estate sector, which has seen home sales plummet by nearly 50%, leaving a vast inventory of unoccupied properties. Australian dollar rises on optimism Picture: The AUD/USD pair is moving upwards.Continue Reading
