AUD/USD pares intraday gains amid a modest USD rebound, holds steady above 0.6700 – by hareshmenghani AUDUSD China Recession Fed Currencies
A combination of supporting factors assists the US Dollar to attract some dip-buying on Monday, which, in turn, acts as a headwind for the AUD/USD pair. Despite the easing of strict COVID-19 curbs in China, a sharp rise in new infections could delay the full reopening of the economy. This, along with the protracted Russia-Ukraine war, keeps a lid on any optimistic move in the markets and offers some support to the safe-haven buck.
Moving ahead, the focus now shifts to this week's release of the final US Q3 GDP print and the core PCE- the Fed's preferred inflation gauge. In the meantime, the US bond yields will play a key role in influencing the USD price dynamics and provide some impetus to the AUD/USD pair. Traders will also take cues from the broader risk sentiment and COVID-19 situation in China to grab short-term opportunities around the risk-sensitive Aussie.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pairs in Focus This Week-EUR/USD, USD/JPY, AUD/USD, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 18th, 2022 here.
Weiterlesen »
AUD/USD Price Analysis: Bears eye the coiled conditions, testing 0.6670 structureRisk tolerance dropped at the end of last week with hawkish central banks. Subsequently, AUD/USD, after taking out the channel support, is now eyeing
Weiterlesen »
AUD/USD struggles around 0.6700 amid hawkish Fed comments, RBA Minutes eyedAUD/USD retreats from intraday high as buyers struggle to keep the latest gains around 0.6700 amid hawkish comments from the Federal Reserve (Fed). Al
Weiterlesen »
AUD/USD Price Analysis: Bulls approach previous support above 0.6700AUD/USD Price Analysis: Bulls approach previous support above 0.6700 – by anilpanchal7 AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Weiterlesen »
AUD/USD: Australian Dollar floats above 200-SMA on mixed China news, sluggish sentimentAUD/USD seesaws around the 0.6700 round figure as a short-term moving average defends the Australia Dollar buyers during early Monday morning in Europ
Weiterlesen »
NZD/USD sticks to modest intraday gains, just below 0.6400 amid softer USDThe NZD/USD pair gains traction for the second successive day and maintains its bid tone through the first half of the European session. The pair is c
Weiterlesen »