AUD/USD Forecast: Bears add pressure, break through 0.6700 on the table
The AUD/USD pair pierced the 0.6800 threshold on Tuesday, heading into the new day trading in the 0.6770 price zone.
Source: fxstreet.com
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Australian Dollar moves above a major level on tepid US Dollar, US PMI, FOMC Minutes eyed
The Australian Dollar (AUD) grapples to maintain its position above a major level at 0.6750 on Wednesday amid a tepid US Dollar (USD).
Source: fxstreet.com
RBA's internal documents show impact of high rates on households and businesses
Citing the Reserve Bank of Australia’s (RBA) internal documents showing how rising interest rates have impacted households and businesses, Bloomberg said “the private sector wage growth appeared to have stabilized at “around” 4.0%.” Additional takeaways “Domestic tourism demand slipped from high levels.” “Consumers have continued to trade down to cheaper products, or purchased fewer items, due to cost-of-living pressures.
Source: fxstreet.com
AUDUSD Technical Analysis
The AUDUSD pair falls from the key resistance zone around the 0.69 handle. What’s next?
Source: forexlive.com
China's Caixin Manufacturing PMI edges higher to 50.8 in December vs. 50.4 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) increased slightly to 50.8 in December, compared with November’s expansion of 50.7, according to the latest data released on Tuesday.
Source: fxstreet.com