Page 16 - Aussie Dollar News Today

China's Services Purchasing Managers' Index (PMI) tumbles to 53.9 in June, compared with a 57.1 expansion seen in May, according to the latest data pu

Soft services PMIs weigh on markets ahead of FOMC minutes

China's official Manufacturing Purchasing Managers' Index (PMI) came in at 50.5 in June, compared with May’s 50.9 readout, according to the latest dat

The Australian Dollar tried to rally today after a large beat on local data and China’s better-than-expected Caixin PMI read. The 4th of July holidays may see skittish trading conditions.

Market dynamics could change and become hostile for some assets and friendlier for others in the coming months as major central banks extend their tightening campaign. Check out DailyFX team's trading forecasts for the third quarter.

China's official Manufacturing Purchasing Managers' Index (PMI) arrived at 49.0 in June as against the 48.8 contraction seen in May, the latest data p

On the hourly chart of AUD/USD at FXOpen, the pair started a fresh decline from the 0.6720 zone. The Aussie Dollar traded below the 0.6670 support to enter a bearish zone against the US Dollar.

A feature of many asset classes in 2023 has been a range trading type of environment and AUD/USD is an example of this. At the half-way point of the year, the Aussie Dollar is yet to get anywhere near testing the 2022 highs or lows.

The Euro backed away from the overnight peak against the US Dollar as markets wait with bated breath for the ECB’s much-anticipated gathering of central bank big guns. Where to for EUR/USD?

The Aussie Dollar traded above the 0.6800 resistance against the US Dollar. AUD/USD tested the 0.6900 zone before it started a downside correction.