Thu, March 28, 2024

AUD trading

Dollar Soars, Aussie Slips on Economic Report

Dollar Soars, Aussie Slips on Economic Report

CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous quarter. The dollar rose steeply after the unexpectedly positive data on US services industries were released …

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Reserve bank of australia (RBA) website on a smartphone

RBA Shifts to Neutral Stance on Interest Rates

On Wednesday, Australia’s central bank, RBA, hinted at possible rate cuts. This came in the midst of mounting economic risks and was a notable deviation from its long-standing tightening plan, setting its local currency tumbling. According to Reserve Bank of Australia (RBA) Governor Philip Lowe’s first public speech this year, the strength of the labor …

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Forex4You Broker Review

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