Economy Forex News

AUD/USD falls sharply

Retail sales rose +4.9% m-o-m in October in Australia, vs. 2.5% expected. New risk aversion in the markets due to new covid variant weighs on AUD. The pair remains under pressure, close to the yearly lows set in August. The AUD/USD pair is moving sharply lower during the European session on
Economy Forex News

AUD/USD down from daily highs at 0.7535

Risk appetite sentiment surrounds financial markets, but Aussie dollar resistance remains. US President Joe Biden agreed to push for a deal in a meeting with lawmakers. Australian CPI figures rose more than expected, lifting AUD/USD towards daily highs at 0.7535. US durable goods orders contracted less than expected, minimizing the impact on the US dollar. […]
Economy Forex News

AUD/USD remains bearish below 0.7500

AUD/USD has seen an intraday pullback from multi-month highs hit on Thursday. Risk aversion momentum and high US bond yields rekindled demand for dollars and exerted some pressure. Lack of follow-through selling warrants some caution before positioning for any downside correction. AUD/USD remained on the defensive during the early US session, although it has managed […]