AUD rates were still in focus when the RBA yet again didn’t defend its yield target. Economists at Citibank expect the AUD/USD to move back lower because the 0.7550 level proves to be a tricky resistance. A pullback in commodities dampens the AUD“The RBA determined to not defend its 3-year yield target 0.1% that sent …
Financial markets have been slowing down for the first two days of this week as traders paused to receive monetary policy announcements from major banks around the world, including the US Federal Reserve meeting next week.Most of the day, the euro traded within 0.2% of its Tuesday near the dollar. It last increased by about …
The Australian dollar has resumed its recovery against the US dollar. AUD/USD has risen to 0.7471, up 0.80% on the day. The pair is at its highest level over last 4 months. The RBA minutes reiterated the old familiar message from the central bank that the economic conditions for a rate hike will not be …
EUR/USD is trading near 1.1650, trading at its three-week high. The pair is benefiting from risk sentiment, which is causing the decline in the US dollar. The EUR/USD daily chart shows that the pair is moving within the range of 1.1560 – 1.1620. The Relative Strength Index of 44, with no trend, shows that the pair …
