As the risk-on mood stays in the market pushing the AUD to beat new local highs, the USD goes down, gold - sideways, and the oil price - up.
Tag - aud - australian dollar
The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Worries about tensions between the United States and China have pushed the USD up versus the EUR, the GBP, and the AUD…
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
GBP/AUD opened the week with a gap down. Things like that have already happened before and, back then, the price continued its way down.
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AUD has a pause on the way up as 600,000 people lost jobs. Is it a short-term correction or change of a course?