The Australian Dollar (AUD) continued its gains for the second straight session against the US Dollar (USD) on Friday.
The AUD gained support following a Financial Times report that the People's Bank of China (PBOC) is expecting a timely interest rate cut this year.
As a close trading partner, any fluctuations in the Chinese economy are likely to affect the Australian market.
The National Development and Reform Commission (NDRC), China's state planner, expressed confidence in achieving a sustained economic recovery by 2025. In a statement on Friday, the agency highlighted plans to significantly increase funding from ultra-long government bonds to support "two new programs", with the expectation of steady consumption growth throughout the year.
Source: FXStreet
The Australian dollar strengthened against the US dollar on Wednesday, recouping the previous session's losses. This boost came from comments by RBA Assistant Governor Sarah Hunter: recent data appear...
The Australian dollar (AUD) strengthened to around 0.6530 against the US dollar (USD) in the Asian session on Monday, after falling more than 1% in the previous trading session. This strengthening occ...
The Australian dollar strengthened to around $0.657 on Friday (October 10), rebounding from a nearly two-week low. This gain came after RBA Governor Michele Bullock struck a cautious tone: services in...
Wednesday, October 8, 2025 - The Australian dollar weakened to around US$0.656, extending its decline as the US dollar continued to strengthen. Safe-haven demand for the greenback increased as the US ...
The Australian dollar (AUD) strengthened against the US dollar (USD) this morning after the latest inflation data from the TD Securities–Melbourne Institute (TD-MI) showed a higher-than-expected surge...
Three major US indexes closed at new record highs after a lower-than-expected inflation report raised the possibility of a Federal Reserve interest rate cut later this year and prompted investors to shift to riskier assets. The S&P 500 rose...
Oil prices fell on Friday (October 24th) as skepticism crept into the market regarding the Trump administration's commitment to sanctions against Russia's two largest oil companies related to the war in Ukraine. Brent crude futures closed 5 cents,...
Gold prices pared losses on Friday (October 24) after slightly lower-than-expected US inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the precious metal is still expected to post its first...
Asia-Pacific markets fell Thursday, tracking Wall Street's declines on concerns about U.S.-China trade relations.
Trade fears resurfaced after...
Following the final October meeting (October 28–29, 2025), the FOMC calendar still lists December 9–10, 2025. This means the Fed could technically...
Asia-Pacific markets rose Friday, after the White House said that U.S. President Donald Trump and China's President Xi Jinping were set to hold...
The Trump administration announced on Wednesday new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, as part of efforts...