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The Australian dollar has extended its winning streak to 12 days, reaching a two-month high near 0.6650 against the U.S. dollar amid key economic signals.
The Australian dollar is holding at a critical 0.6500 support level as traders await key jobs data and signals from the U.S. Federal Reserve.
The Australian dollar weakened against the U.S. dollar as traders anticipate the RBA's policy decision and reassess bets on a Federal Reserve rate cut.
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 Reserve Bank of Australia warns the country's massive pension fund sector could amplify stress in a severe market crisis due to its enormous size.
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.
