Page 11 - Audusd News Today

The beginning of a new trading week saw relentless selling pressure on the Aussie dollar, pushing AUD/USD to the sub-0.6500 zone for the first time since mid-November.

The AUD/USD plunged to a three-month low due to hawkish comments from Federal Reserve Chair Jerome Powell and expectations of a dovish rate held by the Reserve Bank of Australia (RBA).

The AUD/USD pair faces pressure in holding an auction above the crucial support of 0.6500 in the late European session on Tuesday.

The Reserve Bank of Australia (RBA) left interest rates unchanged.

The AUDUSD pair breaks a key support zone. What’s next?

The Australian Dollar (AUD) continues its upward momentum on Friday, recovering from a three-month low reached at 0.6508 on Thursday.

The AUDUSD pair bounces from the key support zone. What’s next?

Economists at CIBC Capital Markets do not expect the Australian Dollar to weaken and retain their AUD/USD forecast of 0.6600 in the first quarter of the year.

The Australian Judo Bank Manufacturing Purchasing Managers' Index (PMI) for January showed business growth eked out a crawl of 50.1 MoM, stepping up from December's 47.6 as Australia heads further into a soft landing economic scenario.

The Aussie Dollar (AUD) begins Thursday’s Asian session unchanged versus the US Dollar (USD) as the US Federal Reserve (Fed) decides to hold rates and opens the door to ease policy in 2024.