Apr 20, 2021 20:06 GMTFXStreet News
AUD/USD is falling sharply in the second half of the day.
USD finds demand as market mood sours during the American session.
Focus shifts to March Retail Sales data from Australia.
After rising above 0.7800 for the first time in a month earlier in the day, the AUD/USD pair reversed its correction during the American trading hours and was last seen losing 0.4% on a daily basis at 0.7724.
DXY rises on safe-haven flows
In the absence of significant macroeconomic data releases, the risk sentiment seems to have become the primary driver of the USD’s market valuation. The souring market mood, as reflected by the sharp decline in Wall Street’s main indexes, helped the greenback find demand in the second half of the day. At the moment, the US Dollar Index is rising 0.2% on the day at 91.25 and the S&P 500 Index is down 0.8%.
New Zealand Dollar Outlook: NZD/USD May Rise Ahead of FOMC, New Zealand GDP 2021-03-16 23:00:00 Thomas Westwater, Analyst
New Zealand Dollar, FOMC, NZD/USD, New Zealand GDP - Talking Points
US equities pull back as investors prepare for tomorrow’s FOMC announcement
Australia’s Westpac Leading Index on tap for today, with NZ GDP in focus ahead
NZD/USD faces confluent resistance before regaining longer-term bull trend
US stock markets moved lower on Tuesday as investors await the highly anticipated Federal Reserve interest rate decision tomorrow where the Federal Open Market Committee (FOMC) is expected to keep rates unchanged. The key data likely to affect markets, however, is the updated economic projections (SEP), which include rate projections from board members through the dot plot. The S&P 500 dipped 0.16% while the tech-heavy Nasdaq 100 gained 0.53% on the day.
3/17/2021 10:51:03 AM GMT | By Eren Sengezer
AUD/USD is posting modest daily losses on Wednesday.
RBA s Kent says they will consider additional bond buying later in the year.
FOMC will release its updated Economic Projections and Monetary Policy Statement.
The AUD/USD pair closed the day with small losses on Tuesday and seems to be having a tough time staging a meaningful recovery on Wednesday. Nevertheless, the subdued market action ahead of the all-important FOMC meeting doesn t allow the pair to break out of its near-term range either. As of writing, AUD/USD was down 0.13% on the day at 0.7735.
Earlier in the day, the Reserve Bank of Australia s (RBA) Assistant Governor, Christopher Kent noted that Australia s economic outlook, while improved, remains very uncertain. Regarding the policy outlook, Kent said that the RBA will consider ramping up asset purchases later in the year. Meanwhile, the Westpac Leading Index in February improv
March 16, 2021 - Written by Frank Davies
Pound (GBP) Exchange Rates Under Pressure as Brexit Tensions Heighten
The Pound to Australian Dollar (GBP/AUD) exchange rate came under renewed pressure on Tuesday as anxiety over Brexit picked up once again.
As the EU launched legal action against the UK over a potential breach of the Northern Ireland protocol the mood towards the Pound naturally soured.
With trade already showing signs of significant disruption in the face of changed border relations the risk of a greater heightening of tensions left investors with little cause for confidence.
In the absence of any significant signs of UK economic resilience the sense of bullishness that had previously supported the Pound began to fade, leaving GBP exchange rates on the back foot.
AUD/USD stages modest rebound toward 0 7750, eyes on US data forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.