The Aussie dollar rose to April highs above $0.76 against its jobs-injured U.S. counterpart. The Aussie is days removed from hitting fresh six-year lows under $0.76, a decline stemming from expectations for Australia's c…
The Aussie dollar rose to April highs above $0.76 against its jobs-injured U.S. counterpart. The Aussie is days removed from hitting fresh six-year lows under $0.76, a decline stemming from expectations for Australia's central bank to cut interest rates.
The Reserve Bank meets Tuesday with a forecast calling for rates to stay put at 2.25%. No action this week could see the Aussie dollar rally in relief. However, any lopping of rates to new lows would renew pressure on the Aussie and leave it vulnerable to plumbing new lows.
Meaningful upside traction for the Aussie should remain a challenge until slumping commodities rebound and China's economy shows signs of stabilization.
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…
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…
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…
