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The AUDUSD is almost flat as the Asian session begins, following Monday’s trading session, with AUD losing ground against the USD due to a risk-off im
The Australian Dollar is under pressure against the US Dollar after iron ore prices plummeted in Singapore. A drop in government bond yields may underpin Asia-Pacific equities as traders prepare for the BoJ.
Recent Fed speak has markets eying a ‘Fed pause’, elevating high beta assets like US equites and AUD. But weak iron ore pricing and slower RBA rate hikes puts AUD at risk
The Australian Dollar fell against the US Dollar despite a rosy Wall Street trading session. Fed bets eased after weak PMI numbers, bolstering equities, but Chinese stocks remain under intense selling pressure.
The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications.