Australian Dollar extends gains after rebounding from three-month lows
The Australian Dollar (AUD) continues its upward momentum on Friday, recovering from a three-month low reached at 0.6508 on Thursday.
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The Australian Dollar (AUD) continues its upward momentum on Friday, recovering from a three-month low reached at 0.6508 on Thursday.
The AUDUSD pair bounces from the key support zone. What’s next?
Economists at CIBC Capital Markets do not expect the Australian Dollar to weaken and retain their AUD/USD forecast of 0.6600 in the first quarter of the year.
The Australian Judo Bank Manufacturing Purchasing Managers' Index (PMI) for January showed business growth eked out a crawl of 50.1 MoM, stepping up from December's 47.6 as Australia heads further into a soft landing economic scenario.
The Aussie Dollar (AUD) begins Thursday’s Asian session unchanged versus the US Dollar (USD) as the US Federal Reserve (Fed) decides to hold rates and opens the door to ease policy in 2024.