Page 37 - Audusd News Today

The Reserve Bank of Australia (RBA) raised interest rates by 25 bps.

The AUD/USD reached the highest intraday level in two months on Monday at 0.6522 and then pulled back, falling slightly below 0.6500.

China's Trade Balance for October, in Chinese Yuan terms, came in at CNY405.47 billion versus the previous reading of CNY558.74 billion.

Speaking at an international financial summit in Hong Kong on Tuesday, People’s Bank of China’s (PBOC) Deputy Governor Zhang Qingsong said that he is “not too worried about the Chinese economy.” He added that the “overall debt level of the Chinese government is in the mid to lower range by international standards.” Market reaction At the time of writing, AUD/USD is testing intraday lows near 0.6470, down 0.22% on the day, unfazed by the PBOC official’s upbeat remarks.

The AUDUSD pair surged to new highs following the weaker than expected US labour market data but pared back some gains after the RBA rate decision.

The AUD/USD pair fell sharply after facing intense selling pressure above the psychological resistance of 0.6500 in the early New York session.

The AUD/USD suffered significant losses in Tuesday's session, reaching a daily low near 0.6400 with a decline of 1.05% and then stabilising around 0.6420.

AUD/USD continues on a four-day winning streak, gearing up for the Reserve Bank of Australia's (RBA) interest rate decision set to be unveiled on Tuesday.

The Australian Dollar (AUD) holds strong on Monday, aiming to mark a three-month high.

China’s newly appointed Finance Minister Lan Foan said over the weekend that the government “will accelerate the issuance and use of government bonds.