Page 36 - Audusd News Today

China’s Consumer Price Index (CPI) dropped 0.2% YoY in October after stagnating at 0% in September.

The Australian Dollar (AUD) attempts to snap a three-day losing streak on the subdued US Dollar (USD), which could be attributed to the downbeat US Treasury yields.

The AUD/USD backslid on Thursday after a bullish rebound failed to materialize, with Aussie (AUD) bulls getting pushed away from the table by US Dollar (USD) flows that saw the Greenback rise after Federal Reserve (Fed) Chairman Jerome Powell delivered hawkish comments that caught the market off-guard.

AUD/USD proceeds downward with the negative bias, extending the losing streak despite the Reserve Bank of Australia RBA) delivering a 25 basis points rate hike on Tuesday.

The Australian Dollar (AUD) moves below a major level, extending the losses for the third successive day following the dovish rate statement by the Reserve Bank of Australia (RBA).

The AUD/USD tumbled 1.5% on Tuesday, falling to 0.6404 after the Reserve Bank of Australia (RBA) delivered a broadly expected 25 basis point rate hike and wrapped it in a dovish statement, sending the Aussie (AUD) skidding against the US Dollar (USD).

The relative resilience of the Australian economy suggests scope for the AUD to outperform both the NZD and the EUR over the coming months, economists at Rabobank report.

The AUD/USD continues to drop further toward the 50-day moving average (DMA) after failing to crack the 0.6500 figure on Tuesday, which exacerbated the pair´s drop, as it trades at 0.6410, losses 0.40%, past the mid-North American session.

The Reserve Bank of Australia (RBA) is widely expected to resume tightening when it meets on Melbourne Cup Tuesday, having held the benchmark interest rate steady for four straight meetings.

AUD/USD rally stalls around the 0.6520s area as traders brace for the Reserve Bank of Australia (RBA) monetary policy meeting later during Tuesday’s Asian session at 03:30 GMT.