AUD/USD begins the week with a drop to 0.7150. US dollar gains dimmed Wall Street’s shine, Treasury yields dropped. COVID-19 cases rise in Europe, slow down in Victoria and the US. Economic data were mixed at home, upbeat in America, nothing major to watch in Asia. AUD/USD extends the previous losses while declining from
AUD/USD keeps the late-Friday range between 0.7160 and 0.7180. Virus woes in Australia, US-China trade tussle joins recently downbeat China data to weigh on the Aussie. US dollar grinds down as stimulus deadlock, pandemic dominate over welcome economic figures. No major data from Australia, the US highlights news/headlines as a market driver. AUD/USD takes
AUD/USD attempts consolidation of Friday’s losses from 0.7143. US President Trump signed four executive orders, including unemployment benefits of $400. American actions of sanctioning Hong Kong Leader and banning Chinese Tech giants TikTok and WeChat add to the US-China tussle. A lack of major data at home precedes the key inflation numbers from China to
AUD/USD takes on the 0.7190s as a key psychological level post the Fed while the US dollar extends weekly losses into 93.24 (DXY). Coronavirus keeps the Fed in a bind and weighs on the greenback. The commodity complex thrives in two-year lows for the US dollar. The Federal Reserve stated the obvious but has confirmed the market’s