The Aussie dollar held firm at session highs against its U.S. counterpart, supported by global stock gains that pointed to improved investor appetite for higher-yielding assets.
Under the surface though the Aussie remained on shaky footing after area central bank minutes Tuesday showed a wide open door to a rate cut from 2.25%. The central bank next meets on May 5.
Commentary
AUD review
The Aussie dollar held firm at session highs against its U.S. counterpart, supported by global stock gains that pointed to improved investor appetite for higher-yielding assets. Under the surface though the Aussie remain…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
