
Australian Dollar Rises as Inflation Data Surprises
The Australian dollar surged to its highest point since early October after strong inflation data reduced the likelihood of an RBA interest rate cut.
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The Australian dollar surged to its highest point since early October after strong inflation data reduced the likelihood of an RBA interest rate cut.

Surprising inflation data from Australia sent the Australian dollar higher, effectively ending any chance of a near-term interest rate cut by the Reserve Bank.

The Australian dollar is trading in a tight range near 0.6491, weighed down by a strong U.S. dollar and a bearish technical outlook below key moving averages.

The Australian dollar fell to around $0.650, breaking a two-day winning streak despite a new landmark trade agreement with the U.S. on critical minerals.

The Australian Dollar has advanced against the USD, buoyed by stronger-than-expected Q3 economic growth in China, its largest trading partner.

The Japanese yen weakened as Sanae Takaichi gained crucial political backing to become Japan's next Prime Minister, advocating fiscal and monetary stimulus. Improved global risk sentiment, driven by e

The AUD/USD currency pair held steady near the 0.6500 level following comments from U.S. President Trump suggesting a softer trade stance on China.

The Australian dollar fell below $0.650 after a government report showed the nation's unemployment rate rose to a near four-year high of 4.5%.

The Australian dollar rose to $0.650 after a top RBA official signaled that third-quarter inflation might be higher than expected, causing markets to lower bets on near-term rate cuts.

The Australian dollar is under pressure from renewed U.S.-China trade tensions and weakening domestic data, with markets eyeing RBA minutes and jobs figures.

New IMF data shows the Chinese yuan and Australian dollar increased their share of global reserves in Q2, while the U.S. dollar and euro saw minor dips.

The Australian dollar is gaining as the U.S. dollar weakens on concerns of a potential government shutdown and growing expectations of a Federal Reserve rate cut.