AUD/USD (Australian dollar/US dollar) AUD/USD (Australian dollar/US dollar)
AUD/USD (Australian dollar/US dollar)
11 Aug, 2022 @ 03:14 by Yahoo! Finance

By Scott Kanowsky

By Scott Kanowsky

By Ambar Warrick

By Ambar Warrick

By Ambar Warrick

The U.S. dollar handed back some of its earlier gains in European trade Thursday, while the pound was flat ahead of the latest Bank of England rate decision. Helping the dollar this week has been a reassessment of the likelihood of the Federal Reserve to maintain its aggressive monetary tightening stance in the wake of reasonable economic data and hawkish comments from a number of policymakers. Additionally, a number of Fed policymakers, including San Francisco Fed President Mary Daly and Minneapolis Fed President Neel Kashkari on Wednesday, have been keen this week to emphasize that the fight to rein in soaring inflation was set to continue, even if the associated rate hikes could significantly curb economic activity.

Investing.com-- Most Asian currencies kept to a tight range on Thursday as the U.S. dollar remained underpinned by expectations of a hawkish Fed, while the Taiwan dollar fell the most amid continued concerns over a clash with China. The Taiwan dollar lost about 0.2% and stayed around two-year lows of 30 to the dollar. An escalation in tensions with China, amid U.S. House of Representatives Speaker Nancy Pelosi’s Taipei visit, has battered the currency this week.

By Ambar Warrick

The U.S. dollar edged higher in early European trade Wednesday, maintaining the overnight gains on raised geopolitical tensions and after Federal Reserve officials pointed to more rate hikes ahead. EUR/USD fell 0.1% to 1.0155, ahead of the release of Eurozone PPI and retail sales data, while GBP/USD fell 0.1% to 1.2167, with the Bank of England widely expected to raise its benchmark rate by 0.5% to 1.75% on Thursday.

The U.S. dollar edged higher Tuesday, helped by raised geopolitical tensions, but still dropped to a two-month low against the Japanese yen as the market continued to factor in a less aggressive Federal Reserve’s tightening path. The dollar has seen some demand from safe-haven flows ahead of U.S. House of Representatives Speaker Nancy Pelosi’s impending visit to Taiwan. The territory is claimed by China, and President Xi Jinping told his U.S. equivalent, Joe Biden, during a phone call last week that “whoever plays with fire will get burnt” in reference to U.S. interference in the dispute.

The U.S. dollar edged lower Monday, weakening especially against the Japanese yen as the market reassessed the Federal Reserve’s tightening path. At 03:15 AM ET (0715 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 105.535, after falling as low as 105.490, a level not seen since July 5. Data released Friday offered a mixed inflation picture, with the personal consumption expenditures price index showing the fastest inflation since 2005 while the final University of Michigan report showed slipping consumer inflation expectations.

27 Jul, 2022 @ 03:00 by Yahoo! Finance

By Scott Kanowsky

By Scott Kanowsky

22 Jul, 2022 @ 03:04 by Yahoo! Finance

AUD/USD fell 0.1% 0.6922, paring a weekly advance to 1.9%, while USD/TRY rose 0.2% to 17.7344, with the lira near the year’s low after Turkey’s central bank maintained interest rates at 14% despite spiraling inflation.

21 Jul, 2022 @ 03:23 by Yahoo! Finance

Additionally, USD/TRY rose 0.1% to 17.6254 ahead of the latest meeting of the Turkish central bank. This is expected to see the policymakers keeping their key rate at 14% on Thursday, defying a global shift toward aggressive monetary tightening despite soaring inflation.

The Australian dollar initially shot higher against the US dollar on Wednesday but gave up gain rather quickly as it may have gotten a bit overextended.

The rally is being powered by the Minutes of the RBA’s July policy meeting which showed board members favor further tightening to curb inflation.

The Aussie is being boosted by a weaker U.S. Dollar, increased demand for riskier assets and the release of hawkish RBA meeting minutes.

19 Jul, 2022 @ 14:54 by Yahoo! Finance

The buck continued to weaken as reports of a possible 50 bps ECB hike on Thursday boosted the euro.

The Australian dollar ripped to the upside during the Tuesday session after the Monetary Policy Meeting Minutes were released.

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