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
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?
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.