Articles for tag: AUD/USD, economic data, Federal Reserve, interest rates, Reserve Bank of Australia, Tariffs, US dollar

Market News

AUD/USD Weekly Forecast: Anticipating Impact of RBA Rate Cut Speculation on Currency Trends and Market Movements

The Federal Reserve decided to keep interest rates steady, which strengthened the US dollar. Meanwhile, former President Trump announced plans to impose tariffs on Canada and Mexico, further boosting the dollar’s appeal. In Australia, inflation rose less than expected, increasing bets on a possible rate cut by the Reserve Bank of Australia. This combination of ...

Market News

Bitcoin Surges Past $100,000 While Australian Dollar Struggles and ASX Gains Momentum in Financial Markets

In today’s Market update, the ASX 200 is up by 0.3%, reaching 8,491 points, while the Australian dollar has slightly increased to 64.33 US cents. Notable movements include Bitcoin surging 3.2% to hit $101,000, significantly influenced by Donald Trump’s new SEC pick, Paul Atkins, seen as friendly to cryptocurrency. Meanwhile, BHP’s president is advocating for ...

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