AUDUSD AUD/USD
- 0.66694
- -0.00025-0.04%
AUD/USD News
US Dollar Overlooks Jobless Claims Miss, Deeper Current Account Deficit
The US dollar maintained gains over most other major currencies in early North American trade on Thursday even after weekly unemployment claims came in higher than was expected, and the current account deficit deepened.
In the week of June 15th, the USA first applied for 238,000 people, a decrease of 5,000 from the previous month.
The number of new hires has slightly increased, with the 4-week moving average reaching the highest level since September of last year.
US Initial Jobless Claims Falls Less Than Expected in Week Ended June 15
Initial claims were at a level of 216,000 in the May 18 employment survey week.
Survey: Inflation causes 46% of Americans to struggle to maintain a balance between income and expenses.
According to a latest public opinion survey, nearly half of Americans reported that recent inflation surges have made it difficult for them to maintain a balanced income and expenditure. The survey, released by Monmouth University on Wednesday, showed that 46% of Americans are currently struggling to maintain their financial situation, which is the highest record since President Biden took office and far exceeds the level during the previous administration. Monmouth University stated in its report, 'The percentage falls between 37% and 44% in public opinion surveys conducted between 2022 and 2023. In contrast, the
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
AUD/USD Forecast – Australian Dollar Continues to See Sideways Drag
Australia's Federal Reserve's decision to "hawkishly" raise interest rates in August has ignited expectations. Short-term Australian government bond yields have jumped.
The hawkish stance of the Reserve Bank of Australia has prompted traders to increase their bets on a rate hike in August.
Australian Dollar Extends Upside on RBA Hawkish Hold
Australian Dollar (AUD) trades on a stronger note on Wednesday amid the weaker US Dollar.
Australia Stands Apart With Rate-Hike Pricing After Hawkish RBA
(Bloomberg) -- Australia’s central bank put the world on alert that it may buck global trends by raising interest rates again, with policymakers delivering what the bond market judged to be the most hawkish shock in a year.
AUD/USD Holds Positive Ground Above 0.6650 as Weaker US Retail Sales Data Boosts Fed Rate Cuts Chance
The AUD/USD gains traction near 0.6660 during the trading hours on Wednesday.
Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.
Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh
Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.
The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.
Australian Dollar Shines After Hawkish RBA Statement
The Australian dollar fell against a broadly stronger US dollar but edged higher against all other major currencies in early European trade on Tuesday after what was perceived as a hawkish central ban
Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday.
Top US economists warn that the Federal Reserve is playing with fire by not lowering interest rates, and it could push the economy into a recession.
According to the Zhitong Finance APP, Claudia Sahm, a former Federal Reserve employee and economist, pointed out that if the Fed does not cut interest rates now, it may risk pushing the economy into a recession. When the three-month average unemployment rate is half a percentage point higher than its 12-month low, the economy is in recession. As the unemployment level has risen in recent months, the so-called 'Sahm rule' has increasingly been discussed on Wall Street, indicating cracks in the originally strong labor market and suggesting potential trouble. This in turn has sparked speculation about when the Fed will begin cutting interest rates. (The Sahm rule is Claudi)
CBO Raises U.S. Budget-deficit Forecast to Close to $2 Trillion
The numbers: The U.S. budget deficit is projected to hit $1.92 trillion this year, up from $1.69 trillion in 2023, according to updated projections from the Congressional Budget Office released Tuesday.
Fed's Goolsbee: Recent Inflation Data Was Excellent, Hopes to See More
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that recent inflation figures have been very positive, and Fed officials hope to see further easing in the future.
Fed's Musalem: I Would Support Additional Tightening If Inflation Becomes Stuck Above 2%
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Tuesday that inflation progress may be a longer, slower process than many market participants currently hope. St. Lousi Fed President noted specifically that the labor market remains particularly tight, and that it could take entire months or quarters before policies drag inflation back to convicing Fed target levels.
Fed's Logan Advocated for Further Patience on Policy
Lorie Logan, President of the Reserve Bank of Dallas reiterated that inflation remains too high, although tremendoous progress has been made.
Fed's Kugler: Inflation Progress to Remain Gradual, Watching for Signs of Labor Deterioration
Federal Reserve (Fed) Board of Governors member Adriana Kugler delivered a speech at the Peterson Institute for International Economics on Tuesday, noting that while inflation remains too high, recent inflation data has been encouraging.