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Forex Market: AUD/USD hits a six-week high as risk sentiment improves, Australian economy expected to rebound in Q4

AUD/USD hit highs not seen since early September on Tuesday amid improved risk sentiment as Asian shares tracked US tech equities higher as well as on indications China’s property market woes will probably be contained. The risk-sensitive Aussie dollar surged even as the minutes from Reserve Bank of Australia’s October policy meeting showed the central […]

October 19, 2021, 8:38 am in Currency News

Forex Market: GBP/USD eases from one-month highs, dollar supported as inflation concerns push bond yields up

GBP/USD eased on Monday, but remained not far from Friday’s one-month high, following hawkish remarks from Bank of England Governor Andrew Bailey over the weekend. He said that the central bank would need to act because energy prices push consumer prices higher. There is now a nearly 30% chance of a rate hike by Bank […]

October 18, 2021, 9:03 am in Currency News

Forex Market: AUD/USD extends gains, driven by higher commodity prices, bond yield surge

AUD/USD extended gains from the prior trading day on Tuesday, supported by a surge in commodity prices and soaring bond yields, as market players bet major central banks would begin policy tightening in an attempt to tackle rising inflation. Oil prices have risen to highs unseen in several years, while prices of coal and gas […]

October 12, 2021, 8:50 am in Currency News

Forex Market: GBP/USD gains on BoE rate hike expectations, dollar firm as markets continue betting on Fed taper

GBP/USD gained on Monday, while extending a rebound from a nine-month trough registered on September 29th, supported by rising expectations that the Bank of England could have to raise interest rates sooner in order to tackle a surge in inflation. “In the UK, markets are clearly taking the view that the BoE will be forced […]

October 11, 2021, 8:22 am in Currency News

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