Page 12 - Audusd News Today

Once again, AUD/USD demonstrated volatile performance on Wednesday, remaining trapped in a side-lined theme that has persisted since the middle of this month.

The Australian Dollar (AUD) continues to lose ground against the US Dollar (USD) after weaker Aussie data on Thursday.

China's Vice Finance Minister Wang Dongwei said on Thursday that they “will appropriately increase investment under the central government budget.” Additional takeaways 2023 tax and fee cuts, rebates totaled 2.2 trillion yuan.

The AUD/USD prints minimal gains as the Asian session begins, following Thursday’s session that witnessed the Aussie Dollar (AUD) bouncing off year-to-date (YTD) lows of 0.6508 on mixed US economic data.

There was no respite for the selling pressure around the Aussie dollar on Thursday, this time dragging AUD/USD to fresh three-month lows in the boundaries of the 0.6500 contention zone.

The Australian Bureau of Statistics (ABS) will release two different inflation reports on Wednesday.

Once again, AUD/USD exhibited an erratic performance on Tuesday, remaining ensnared in a rangebound pattern that has persisted since the middle of this month.

The Australian Dollar (AUD) remains on a downtrend on Wednesday after Australian inflation slowed more than anticipated in the December quarter.

AUD/USD has come under pressure following the soft inflation data from Australia.

China’s official Manufacturing Purchasing Managers' Index (PMI) downturn eased slightly in January, coming in at 49.2.