The Australian Dollar (AUD) maintains its position against the US Dollar (USD) on Thursday, following the release of Trade Balance data. Additionally, the AUD/USD pair moves little as traders adopt caution after the United States (US) government shut down.
Australian Bureau of Statistics reported on Thursday that Australia's Trade Surplus narrowed to 1,825 million month-over-month (MoM) in August, against 6,500 million expected and 7,310 million in the previous reading. Meanwhile, Exports fell by 7.8% MoM in August from 3.3% seen a month earlier as Gold exports declined after a run of strong months. Imports rose by 3.2% MoM in August, compared to a decline of 1.3% seen in July.
The Reserve Bank of Australia (RBA) decided earlier this week to keep its Official Cash Rate (OCR) unchanged at 3.6% after concluding the September monetary policy meeting. RBA Governor Michele Bullock said at a post-meeting press conference that components of the monthly CPI little higher than expected, and inflation is not running away.
Source: FXStreet
AUD/USD extends its bull run for the fourth day in a row on Wednesday, reclaiming the area above the key 0.6600 barrier, always amid the persistent offered stance in the US Dollar as investors gauge t...
The Australian dollar edged lower to around $0.660 on Wednesday, ending its three consecutive session of gains, as investors digested soft economic data. Australia's manufacturing sector continued to ...
The Australian Dollar (AUD) appreciates on Monday, with the AUD/USD pair extending its gains for the second consecutive session. The US Dollar (USD) weakens as traders brace for shutdown risks of the ...
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair depreciated as the Greenback received support from the stronger-than-expected ...
The Australian Dollar (AUD) weakened against the US Dollar (USD) on Thursday, with the AUD/USD pair extending its decline for a second straight session and falling to its weakest level since September...
Silver (XAG/USD) held firm around $47.80/oz during the Asian session on Thursday (October 2), continuing its rally after hitting a new record on Wednesday. The US government shutdown following the Senate's failure to pass a short-term funding bill...
Goldman Sachs remains very optimistic about gold. Recent inflows into gold-backed ETFs and retail investor interest have far exceeded their expectations, creating an "upside opportunity" to exceed their $4,000/oz (mid-2026) and $4,300/oz (late next...
The Japanese yen strengthened for the fifth straight day on Thursday, remaining near the two-week high reached the previous day as the US dollar weakened. Markets are increasingly accepting that the Bank of Japan will continue its policy...
Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...
Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to...
The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on...
In a statement after the September policy meeting, the Reserve Bank of Australia said:
"With signs that private demand is recovering, indications...