AUDUSD AUD/USD
- 0.66741
- +0.00473+0.71%
AUD/USD News
Retail Sales Flat in April, Falling Short of Wall Street's Expectations
The US consumer showed signs of slowing in April.
U.S. Consumer Prices Increased 3.4% in April From Year Earlier -- WSJ
U.S. inflation eased in April, with a key measure of price pressures slowing to its lowest level since spring 2021.
AUD/USD Price Analysis: Aussie Runs Into Tough Medium-term Resistance at 0.6650
It must break decisively above this barrier to continue to short-term uptrend higher.
Forex Today: US Dollar Struggles to Find Demand as Focus Shifts to Inflation Report
The US Dollar (USD) is finding it difficult to stay resilient against its major rivals in the European morning on Wednesday.
Growing Uncertainty Seen Over USD Outlook
0629 GMT - Uncertainty over the U.S. dollar outlook has risen, especially in view of the reduced visibility on the Federal Reserve front, Benoit Anne, managing director at the Investment Solutions Gro
Australia's Budget Boost Risks More Hawkish RBA, Economists Warn
Australia’s central bank is likely to keep interest rates elevated for longer, economists said, despite Tuesday’s budget forecasting inflation to fall back within the 2-3% target by year’s end, a result that would normally open the door to earlier easing.
US Inflation Data to Show Small Step in Right Direction for Fed
Forecasters expect a monthly report on US consumer prices to show inflationary pressures moderated in April after three straight worse-than-anticipated readings to start the year.
The US PPI growth rate hit a nearly one-year high. Powell said it was “not hot, just mixed feelings”
PPI, which measures changes in prices paid by manufacturers to suppliers, rose 0.5%, much faster than the 0.1% decline in March. “I wouldn't say it's hot; I'd say it's a bit mixed,” Powell said on Tuesday. He was referring to the new overall inflation data.
Australian Annual Wages Grow 4.1% YoY in March Quarter
Australia's wage price index (WPI) rose 0.8% in the March quarter and 4.1% for the year, according to seasonally adjusted data from the Australian Bureau of Statistics on Wednesday.
US CPI Data Expected to Show Slow Progress Towards 2% Target
The high-impact US Consumer Price Index (CPI) inflation data for April will be published by the Bureau of Labor Statistics (BLS) on Wednesday at 12:30 GMT. Inflation data could alter the market’s pricing about the timing of the Federal Reserve (Fed) policy pivot, while uncertainty regarding the rate outlook grows amid policymakers’ hawkish tone and disappointing macroeconomic data releases. Hence, a surprise in CPI data could ramp up the US Dollar’s (USD) volatility.
Peaking Australian Wages Will Sideline RBA, Says Capital Economics -- Market Talk
0258 GMT - Amid the mop-up of the Australian government's big spending 2024-2025 budget on Tuesday, which had many economists speculating it could put upward pressure on inflation and interest rates, news has emerged that will cool those fears.
US inflation in April may be disappointing, and the dollar may be under pressure as a result!
On May 15 at 20:30 Beijing time, the US will release the April CPI report. Market analyst Diego Colman said that after the PPI data rose on Tuesday, the upcoming April inflation data is also likely to disappoint, thereby weakening people's confidence in the deflationary trend. In his view, a moderate inflation report that falls short of Wall Street's expectations should put pressure on bond yields and the dollar, creating a favorable background for precious metals.
Australian Dollar Gains Ground Due to Risk-on Mood, US CPI Awaited
The Australian Dollar appreciates due to the improved risk sentiment on Wednesday.
Australia's Wage Growth Slows for First Time Since Late 2020
Australian wage growth eased for the first time since the depths of the pandemic in the first three months of the year, in a positive result for the Reserve Bank which remains watchful of price pressures in the economy.
Goldman Sachs No. 2 warns of the US debt problem that government borrowing may be unsustainable
Goldman Sachs President John Waldron said that the US government should not be misled into believing that people's appetite for US debt is endless.
AUD/USD Steadies Despite Rising US Inflation, Traders Eye Aussie WPI
The Australian Dollar registered gains against the US Dollar on Tuesday, even though inflation in the United States (US) edged, spurring hawkish remarks by Fed Chair Jerome Powell.
America's household debt hits a record high, and financial pressure is increasing due to inflation
The Zhitong Finance App learned that the US household debt problem is getting worse. It has set a new record and reached 17.7 trillion US dollars, an increase of 1.1% compared to the previous quarter (an increase of 184 billion US dollars). This data highlights the increasing financial pressure faced by American households against the backdrop of increasing inflation. According to the “Quarterly Report on Household Debt and Credit” released by the Federal Reserve Bank of New York on Tuesday (May 14), since the COVID-19 pandemic began, US consumer debt has increased by a total of 3.4 trillion US dollars, and interest rates on debt have also risen. Prices are rising, especially for necessities such as food and rent,
Fed's Mester: Fed Is in a Really Good Place, Not in a Rush to Change Rates
As reported by the Wall Street Journal, Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted in an interview on Tuesday that she believes the Fed is in a "really good place" regarding rates.
Traders Are Ready for Dollar to Drop After US Inflation Data
Currency traders are girding for a drop in the dollar in the wake of Wednesday’s key US inflation report.
Forex Today: Fed Rate Cut Bets and US CPI Come to the Fore
The Greenback extended the discouraging start to the week and retreated to multi-day lows as market participants digested sticky US producer prices and the neutral message from Chair Powell ahead of the release of US CPI on Wednesday.