EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: AUD/USD gains on positive market sentiment and strong US data, despite weak Aussie ...
AUD/USD gains on positive market sentiment and strong US data, despite weak Aussie PMI
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#acbb1c95 ver:0.69
Despite weak Australian PMI data, the AUD/USD pair gained on positive market sentiment and strong US data. The pair rose to 0.6585 as the US dollar retreated, with the US economy expanding by 1.8% in Q1. The bond market expects a rate hike by the RBA by December. The AUD/USD pair will react to the US consumer confidence report, and technical analysis suggests further upside potential. However, the pair faced selling pressure and snapped a six-day winning streak. The AUD/USD movement is influenced by various factors, including RBA interest rates, Chinese economy, iron ore prices, and market sentiment. Traders are closely monitoring economic data and the movements of the US dollar for further insights. #AUDUSD #forex #economy...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls #UsLaborMarket #FomcDecision #TradeBalance #BuildingPermits #MarketSentiment
https://here.news/story/acbb1c95?ver=0.69
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#acbb1c95 ver:0.69
Despite weak Australian PMI data, the AUD/USD pair gained on positive market sentiment and strong US data. The pair rose to 0.6585 as the US dollar retreated, with the US economy expanding by 1.8% in Q1. The bond market expects a rate hike by the RBA by December. The AUD/USD pair will react to the US consumer confidence report, and technical analysis suggests further upside potential. However, the pair faced selling pressure and snapped a six-day winning streak. The AUD/USD movement is influenced by various factors, including RBA interest rates, Chinese economy, iron ore prices, and market sentiment. Traders are closely monitoring economic data and the movements of the US dollar for further insights. #AUDUSD #forex #economy...
#newstr #Aud/usd #UsDollar #FederalReserve #InterestRates #PceInflation #UsEconomy #RbaRateHike #ConsumerConfidence #AustralianDollar #ChinesePmis #NonfarmPayrolls #UsLaborMarket #FomcDecision #TradeBalance #BuildingPermits #MarketSentiment
https://here.news/story/acbb1c95?ver=0.69