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May 18, 2021 23:36 GMTFXStreet News AUD/USD wavers inside a 35-pip trading range after refreshing weekly top. Risk sentiment dwindles despite RBA minutes, vaccine hopes and Yellen’s push to support Biden administration measures. US dollar drops to fresh low since late February, Wall Street remains on the back foot. Australia Wage Price Index, FOMC minutes will be the key. AUD/USD picks up bids around 0.7800, keeping the latest range between 0.7780 and 0.7815, amid the early Wednesday morning in Asia. The Aussie pair jumped to 0.7815 amid Tuesday’s Asian session as RBA minutes and upbeat sentiment favored bulls. However, a lack of clear direction and cautious sentiment ahead of today’s US Federal Open Market Committee (FOMC) meeting minutes seem to have pulled the quote back towards 0.7780, before the latest bounce that portrays sideways moves. ....
Aussie wages lift just 1.5 per cent in 12 months Australian wages have lifted just 0.6 per cent over the past quarter and 1.5 per cent over the past 12 months, new data from the Wage Price Index (WPI) has revealed. Those in the private sector received slightly more (0.6 per cent) in their paypacket than those in the public sector, which lifted just 0.4 per cent. Electricity, gas, water and waste services, rental, hiring and real estate services and Arts and recreation services each recorded the lowest quarterly rise of 0.1 per cent. READ MORE: Aussie wages rose by a marginal 0.6 per cent over the past three months.(AAP) ....
After spending the Asian session in a relatively tight range below 0.7800, the AUD/USD pair lost its footing during the European trading hours and dro ....
EUR 23.1 billion, missing median estimates at EUR 20.3 billion. 1.76 million (f/c 1.77 million). GBP/USD – soared above the 1.4200 level following upbeat UK Jobs data. The British Pound hit an overnight and February peak at 1.42202 before easing to close at 1.4186. UK Prime Minister Boris Johnson eased several restrictions on Monday despite fears of a rise in a new Indian variant of Covid infections. EUR/USD – The Euro extended its rally against the Greenback, finishing as best performer among the majors. EUR/USD traded to 1.2234 overnight, near 3-month highs, before easing to settle at 1.2225. Bullish sentiment for the shared currency continued to grow as traders expect activity to pick-up as lock-down restrictions are relaxed in the Continent. Eurozone CPI data are due for release tonight. ....
The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in March quarter 2021 with the annual growth rate at 1.5 per cent, according to figures. ....