The Aussie Dollar (AUD) is struggling against the US Dollar (USD) ahead of the US CPI data release, expected to show a slight inflation rise. A strong inflation print could boost the USD, reducing the chances of a Fed rate cut. The RBA also kept rates unchanged at 4.35%, adding pressure to the AUD.

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The Reserve Bank of Australia's Minutes has sown that the central bank is ready to provide yet more policy stimulus if needed after cutting rates to record lows, a pledge that may be tested given the latest outbreak of coronavirus in the country. ''Minutes of the Reserve Bank of Australia's (RBA) No

Australia's central bank, led by RBA Governor Michele Bullock, is prepared to raise interest rates further if needed to tackle inflation, which remains high at 3.9%. The RBA aims to bring inflation within its 2% to 3% target range by late 2025. Despite the current policy rate of 4.35%, the RBA ackno

The Australian Dollar (AUD) recovered from recent losses against the US Dollar (USD) on Friday, driven by USD weakness. The AUDUSD pair, which faced losses in the previous session, got better risk appetite support as investors expect a dovish stance from the Federal Reserve (FED) for early 2024. Res

The Australian Dollar (AUD) looks set to extend its winning streak against the US Dollar (USD) for the third consecutive session, supported by a weakened USD influenced by mixed S&P Global PMI data. The positive momentum is also fueled by ongoing stimulus in the Chinese property market, fosterin

The Australian Dollar (AUD) continues its upward momentum, driven by the recent hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock's confidence in the robustness of Australia's labor market and her acknowledgment of underlying demand contributing to inflation cha