Aussie looks attractive in the medium term – ING
The Australian Dollar (AUD) declined after lower-than-expected Australian Monthly Consumer Price Index (CPI).
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The Australian Dollar (AUD) declined after lower-than-expected Australian Monthly Consumer Price Index (CPI).
The Australian Dollar (AUD) continues its downward trend for the second consecutive day due to the lower S&P/ASX 200, tracking overnight losses on Wall Street.
The AUD/USD pair attracts fresh buyers near the 0.6525 area, or a one-week low touched earlier this Tuesday and builds on its steady intraday ascent through the first half of the European session.
The AUDUSD pair bounces on the key support zone. What’s next?
The Australian dollar resumed the upward trend following a negative start to the week, prompting AUD/USD to chart humble gains around the mid-0.6500s The slight uptick in AUD/USD occurred despite the equally marginal advance in the Greenback, as well as the continuation of the intense sell-off in iron ore prices, which reached multi-month lows near the $126.00 yardstick in response to increasing inventories and heightened uncertainty surrounding the Chinese housing market.