AUD/USD stuck in tight range ahead of FOMC meeting, RBA to maintain ultra-easy policy stance, decide on future bond purchases in July

June 15, 2021 9:12 am
AUD/USD traded in a narrow range on Tuesday ahead of a keenly anticipated Federal Reserve policy meeting and after the Reserve Bank of Australia released the minutes from its June meeting. The RBA minutes showed that policy makers would not raise the official cash rate until actual inflation in Australia was sustainably within the 2% […] Read more

Forex Market: AUD/USD falls as greenback finds support ahead of US CPI report

June 8, 2021 9:03 am
AUD/USD edged down on Tuesday since uncertainty surrounding the Federal Reserve’s policy outlook seemed to have offset upbeat macro data coming out of Australia. A softer-than-anticipated US Non-Farm Payrolls report somewhat allayed fears of an early monetary policy tightening by the Fed, which helped the Aussie to recoup earlier losses last week. Next, on the […] Read more

Forex Market: GBP/USD extends Friday gains as UK economy re-opens, dollar benefits from Asia’s virus concern

May 17, 2021 9:23 am
GBP/USD was a notch stronger at the start of the new week, while trading not far from last week’s 2 1/2-month high of 1.4167, as the British government took another step towards economic re-opening by further easing COVID-19-related restrictive measures. Cafes, bars and restaurants will be allowed to service customers indoors, while an international travel […] Read more