AUD/USD climbs above 0 7350 ahead of US PMI data fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
7/5/2021 9:37:49 PM GMT | By Anil Panchal
AUD/USD attacks the upper end of nearby trading range.
Virus woes get firmer with another virus strain, from California, marking resistance to vaccines.
RBA is expected to review bond yield target, interest rate, Orr’s comments will be the key.
US traders return after a long weekend, ISM Services PMI adds to the watcher’s list.
AUD/USD seesaws around the week-start levels, teasing resistance of a 30-pips range, as traders brace for an important day carrying the Reserve Bank of Australia (RBA) monetary policy meeting. That said, the quote trades near 0.7530 amid early Tuesday morning in Asia, unchanged on a day mainly due to the off in US markets.
May 6, 2021 17:01 GMTFXStreet News
AUD/USD remains on track to close second straight day in the positive territory.
US Dollar Index slumps below 91.00 during the American session.
Focus shifts to April Nonfarm Payrolls data from US.
After falling toward 0.7700 during the Asian trading hours, the AUD/USD pair reversed its direction and moved into the positive territory in the second half of the day. As of writing, the pair was up 0.22% on a daily basis at 0.7764.
USD selloff picks up steam
Earlier in the day, the data published by the US Department of Labor revealed that the weekly Initial Jobless Claims declined by 92,000 to 498,000. This reading came in better than the market expectation of 540,000 but failed to trigger a significant market reaction with investors shifting their focus to Friday’s Nonfarm Payrolls (NFP) report.
AUD/USD tracks mildly bid S&P 500 Futures to refresh intraday top above 0.7700NEWS |
5/5/2021 12:51:23 AM GMT | By Anil Panchal
AUD/USD consolidates the previous day’s heavy losses that probed mid-April lows.
Market sentiment recovers amid quiet macros, off in key Asian bourses following mixed updates from US.
Covid woes battle vaccine developments, mixed second-tier Aussie data.
AUD/USD refreshes intraday high to 0.7723, up 0.18% on the day, amid early Wednesday. In doing so, the Aussie pair benefits from the recent run-up in S&P 500 Futures, actually corrective pullback, as scheduled economics from the Oz nation flash mixed signals.
S&P 500 Futures gains 0.11% on a day after the Wall Street benchmarks were mostly drowned by the technology shares sell-off and talks over further taxes in multinational companies, backed by the International Monetary Fund (IMF).