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5/2/2021 9:33:03 PM GMT | By Anil Panchal AUD/USD defends short-term trading range after the heaviest monthly gain of 2021. US dollar gained on Friday amid covid fears, looming uncertainty over Biden’s stimulus. Mixed PMI from China, month-end moves also weighed on the quote. Second-tier Aussie data, risk catalysts will be the key, off in China, Japan can restrict market moves. AUD/USD picks up bids around 0.7720, struggles to recover from short-term range support, amid the early Monday morning in Asia. The Aussie pair marked the biggest monthly gain ...

Apr 1, 2021 02:51 GMTFXStreet News AUD/USD bounces off fresh following its drop to the lowest in a week. Australia’s trade surplus eased, Retail Sales recovered in February. Greater Brisbane lockdown will be off from today, no new covid cases in NSW. Business groups pour cold water on the face of Biden’s infrastructure spending plan. Following its drop to the one-week low, AUD/USD recovers from 0.7579 to 0.7590 during Thursday’s Asian session. In doing so, the quote struggles to justify mixed data from Australia and confusing signals on risk catalysts but respects the latest optimism co...

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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 J...

Mar 2, 2021 18:12 GMTFXStreet News AUD/USD clings to daily gains above 0.7800 on renewed USD weakness. US Dollar Index drops below 91.00 as 10-year T-bond yield turns red. Mixed macroeconomic data releases from US failed to trigger a market reaction. The AUD/USD pair broke above 0.7800 during the European trading hours and stayed relatively quiet before starting to push higher in the American session. As of writing, the pair was trading at a fresh daily high of 0.7820, rising 0.66% on a daily basis. DXY loses traction as T-bond yields edge lower The renewed USD strength seems to be helping AU...