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AUD/USD recovers 0.5% to retake 0.71.

Daily Currency Update The Australian Dollar advanced 0.5% to start the week, opening this morning at 0.7124 despite a stronger Greenback. ....

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AUD/USD grinds higher past 0.7100 amid sluggish markets, light calendar

AUD/USD prices seesaw around 0.7125-20 during early Tuesday morning in Asia, having reversed most of Friday’s losses the previous day. The risk barome ....

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AUD/USD climbs to daily highs above 0.7760 as USD selloff continues

May 6, 2021 17:01 GMTFXStreet News
AUD/USD remains on track to close second straight day in the positive territory.
US Dollar Index slumps below 91.00 during the American session.
Focus shifts to April Nonfarm Payrolls data from US.
After falling toward 0.7700 during the Asian trading hours, the AUD/USD pair reversed its direction and moved into the positive territory in the second half of the day. As of writing, the pair was up 0.22% on a daily basis at 0.7764.
USD selloff picks up steam
Earlier in the day, the data published by the US Department of Labor revealed that the weekly Initial Jobless Claims declined by 92,000 to 498,000. This reading came in better than the market expectation of 540,000 but failed to trigger a significant market reaction with investors shifting their focus to Friday’s Nonfarm Payrolls (NFP) report. ....

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AUD/USD plummets below 0.7750 on renewed USD strength

Mar 4, 2021 19:07 GMTFXStreet News
AUD/USD made a sharp U-turn in the late American session.
US Dollar Index rose to a fresh monthly high above 91.40.
10-year US Treasury bond yield shot higher after FOMC Chairman Powell’s remarks.
The AUD/USD pair came under strong bearish pressure in the late American session and lost more than 60 pips in the last hour. As of writing, the pair was down 0.45% on a daily basis at 0.7742.
DXY advances toward 90.50
The renewed USD strength seems to be weighing heavily on AUD/USD. While speaking at an event organized by the Wall Street Journal, FOMC Chairman Jerome Powell said that they would be concerned “by a persistent tightening of financial conditions broadly” and refrained from touching on the bond market turmoil. ....

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