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The Australian Dollar (AUD) remains in positive territory on Friday, buoyed by a rise in the S&P/ASX 200 Index to new record highs, coupled with gains in Wall Street overnight.
USD/CAD breaks the winning streak that began on February 23, which could be attributed to the improved Crude oil prices as Canada is the largest oil exporter to the United States (US).
LINK: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240131.pdf Minutes of the Meeting of January 30–31, 2024: At the conclusion of the discussion, the Committee voted to direct the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the SOMA in accordance with the following domestic policy directive, for release at 2:00 p.m.: “Effective February 1, 2024, the…
EUR/USD retreats after two days of gains, which could be attributed to the market optimism despite disappointing Retail Sales data from the United States (US).
The Australian Dollar (AUD) attempts to halt its gains registered in the last two sessions as the US Dollar (USD) could gain ground on improved Treasury yields.