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AUD/USD Rises Following Strong Australian Employment Data
Thursday, October 17, 2024 - 10:12am | 523By RoboForex Analytical Department AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy. Key Employment Data Highlights:...
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AUD/USD Reaches Yearly High Amid Positive Stimulus News From China
Tuesday, September 24, 2024 - 10:04am | 472By RoboForex Analytical Department The AUD/USD pair tested the 0.6860 mark on Tuesday, reaching its highest point in 2024, bolstered by supportive economic news from China. The People's Bank of China (PBoC) announced stimulus measures to boost the Chinese economy. These measures positively...
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AUD/USD Reaches New Heights As Risk Sentiment Improves
Friday, September 20, 2024 - 9:27am | 524By RoboForex Analytical Department The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal Reserve, which has spurred...
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AUD/USD Sees Rebound: Weak US Dollar And RBA's Steady Stance Support Strength
Friday, August 23, 2024 - 9:40am | 496By RoboForex Analytical Department AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell's speech at the Jackson Hole symposium. The Australian dollar's resilience is bolstered by the minutes from...
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AUD/USD Gains Amid Anticipation For Key Economic Data
Monday, July 29, 2024 - 8:48am | 547By RoboForex Analytical Department The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened...
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Australian Dollar Hits 0.6650 Amid Mixed Economic Signals
Wednesday, May 29, 2024 - 10:23am | 644By RoboForex Analytical Department The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions...
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The Australian Dollar Rapidly Depreciates
Friday, May 24, 2024 - 10:04am | 556By RoboForex Analytical Department The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar's robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any...
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Australian Dollar Rises On Strong Economic Indicators
Tuesday, April 23, 2024 - 9:51am | 514By RoboForex Analytical Department The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia. The latest...
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Australian Dollar Struggles Amid Robust US Economic Data
Friday, April 12, 2024 - 10:41am | 478By RoboForex Analytical Department The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to stabilise the exchange rate have seen limited success thus far. The...
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Binance's Australia Shake-Up: Are AUD Bank Transfers Gone For Good?
Friday, June 2, 2023 - 10:37am | 444Binance Australia announced it will halt Australian Dollar (AUD) bank transfers. Consequently, trading pairs with AUD on Binance have been suspended as of June 1. This move inhibits the ability of Binance users in Australia to make deposits or withdrawals in AUD through bank transfers....
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AUD/USD Trades Around A Critical Fibonacci Resistance Level, Bullish Potential Limited
Monday, September 27, 2021 - 4:41pm | 511The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7291 The aussie found support in the better performance of Chinese equities. Global indexes traded mixed, but...
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AUD/USD Is Technically Bullish And Could Gain Additional Momentum Once Above 0.7335
Thursday, September 23, 2021 - 4:12pm | 577The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7307 Australian businesses indexes improved in September but held into contraction territory. Easing concerns...
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AUD/USD Is Set To Fall Further Once Below 0.7210, The Immediate Support Level
Wednesday, September 22, 2021 - 4:29pm | 527The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7246 Australia will publish the preliminary estimates of the September Commonwealth Bank PMIs. The upbeat tone...
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AUD/USD Has Lost Momentum, But It Could Resume Its Advance
Monday, August 30, 2021 - 6:07pm | 483The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. AUD/USD Current Price: 0.7297 Gold prices retreated after Friday’s rally, weighing on the aussie. Australia will publish August TD...
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Economic Spotlight: New Zealand And Australia's Currencies
Wednesday, July 22, 2020 - 12:14pm | 2290Since 2011, the currencies of Australia (AUD) and New Zealand (NZD) have fallen versus USD. Of the two, NZD has done a little better. While AUD has fallen 31% versus USD since the beginning of 2011, NZD is down about 15% over the same period (Figure 1). In fact, AUD peaked versus NZD nine...