The USD is trying to retrace losses versus other major currencies, while traders await comments from the ECB…
Tag - aud - australian dollar
The AUD is the strongest currency in the Forex market these days. What are the long-term perspectives?
EUR and risky currencies, stocks and oil prices surged on prospect for reopening.
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.
Let’s look what moves the market today.
The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
Let’s look at main movements on the market.
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.
Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time.
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?