12/16/2020 8:52:58 PM GMT
AUD/USD Current Price: 0.7574
Australian growth-related figures came in better than anticipated.
Australia November employment data could underpin the aussie.
AUD/USD continues to consolidate near this year´s high at 0.7577.
The AUD/USD pair has spent a fourth consecutive day confined to a tight intraday range near its year’s high. The pair is heading into the Asian opening, trading a handful of pips below such a high at 0.7577, little affected by the dollar’s back and forth. Early on Wednesday, Australia published the November Westpac Leading Index, which came in at 0.46%, improving from 0.3% in the previous month. The Commonwealth Bank Manufacturing PMI improved to 56 in December from 55.8, while the services index came in at 57.4.
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The RBA’s Minutes anticipated additional easing coming in the near-term.
Australia will release the November Westpac Leading Index, previously at 0.12%.
AUD/USD holds on to gains near this year’s high, could storm through 0.7600.
The AUD/USD pair suffered a setback at the beginning of the day, falling to 0.7506, as the Reserve Bank of Australian Minutes brought a surprise. Policymakers noted that “substantial policy support” would be required for a considerable period, somehow hinting at more QE coming in early 2021. Meanwhile, the American dollar got attention due to its safe-haven condition, advancing on mounting concerns regarding fresh lockdowns in the US and Europe.
Share:
Australian growth-related figures came in better than anticipated.
Australia November employment data could underpin the aussie.
AUD/USD continues to consolidate near this year´s high at 0.7577.
The AUD/USD pair has spent a fourth consecutive day confined to a tight intraday range near its year’s high. The pair is heading into the Asian opening, trading a handful of pips below such a high at 0.7577, little affected by the dollar’s back and forth. Early on Wednesday, Australia published the November Westpac Leading Index, which came in at 0.46%, improving from 0.3% in the previous month. The Commonwealth Bank Manufacturing PMI improved to 56 in December from 55.8, while the services index came in at 57.4.
12/15/2020 7:41:57 PM GMT
AUD/USD Current Price: 0.7557
The RBA’s Minutes anticipated additional easing coming in the near-term.
Australia will release the November Westpac Leading Index, previously at 0.12%.
AUD/USD holds on to gains near this year’s high, could storm through 0.7600.
The AUD/USD pair suffered a setback at the beginning of the day, falling to 0.7506, as the Reserve Bank of Australian Minutes brought a surprise. Policymakers noted that “substantial policy support” would be required for a considerable period, somehow hinting at more QE coming in early 2021. Meanwhile, the American dollar got attention due to its safe-haven condition, advancing on mounting concerns regarding fresh lockdowns in the US and Europe.