Page 18 - Audusd News Today

The Aussie is under growing bearish pressure amid a deteriorating market mood.

The correlation between the Dollar and Fed Funds futures is unusually strong now, and if it persists, further USD upside is limited, economists at Société Générale report.

China's Customs is out with the country’s annual exports and imports data for 2023, noting that “China’s 2023 exports and imports of goods are better than expected.” Additional details China 2023 Yuan-denominated exports +0.6% YoY.

China’s Consumer Price Index (CPI) fell 0.3% YoY in December after dropping 0.5% in November.

China's Trade Balance for December, in Chinese Yuan terms, came in at CNY540.90 billion, widening from the previous figure of CNY490.82 billion.

The Australian Dollar (AUD) made a modest upward move, nearing the psychological level at 0.6700 on Friday following a retracement after registering losses in the previous session.

The AUDUSD pair is threatening a downside breakout. What’s next?

The Australian Dollar (AUD) registered minuscule gains against the US Dollar (USD) on Friday, shrugging off risk aversion due to tensions arising in the Red Sea, along with softer-than-expected economic data from the United States (US).

The Australian Dollar (AUD) gains upward traction for the second successive day on Thursday.

The fact that the Australian inflation figures surprised to the downside on Wednesday went somewhat under the radar.