Market news
11.12.2024, 12:31

AUD/USD picks up from 0.6340 lows, the broader trend remains negative

 

  • The Aussie has bounced up from year-to-date lows with the negative bias intact.
  • Investors are wary of betting against the US Dollar with USD data on tap.
  • The RBA softened its us¡ual hawkish tone on Tuesday and increased pressure on the Aussie.
     

The Australian Dollar trimmed some losses during Wednesday’s European session after hitting fresh year-to-date lows at 0.6340. The pair, however, remains vulnerable with investors reluctant to risk ahead of the release of the US CPI report.

Consumer prices in the US are expected to have accelerated slightly in November, which endorses the cautious rhetoric by Fed President Powell and suggests that the bank might be targeting a higher terminal rate next year.

On Tuesday, the Treasury Secretary, and former Fed Chair, Janet Yellen, warned that Trump’s tariffs might derail the progress on inflation, bolstering the case for a shallow easing cycle in 2025.

In Australia, the RBA rattled markets on Tuesday with an unexpected dovish shift in its monetary policy statement. The board showed confidence in inflation which boosted hopes of interest rate cuts in February, and increased selling pressure on the AUD.
 

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.20% 0.27% 0.47% 0.05% 0.36% 0.35% 0.06%
EUR -0.20%   0.07% 0.29% -0.15% 0.15% 0.14% -0.14%
GBP -0.27% -0.07%   0.19% -0.23% 0.08% 0.07% -0.21%
JPY -0.47% -0.29% -0.19%   -0.42% -0.12% -0.14% -0.41%
CAD -0.05% 0.15% 0.23% 0.42%   0.31% 0.30% 0.01%
AUD -0.36% -0.15% -0.08% 0.12% -0.31%   -0.01% -0.29%
NZD -0.35% -0.14% -0.07% 0.14% -0.30% 0.01%   -0.28%
CHF -0.06% 0.14% 0.21% 0.41% -0.01% 0.29% 0.28%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location