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USD Dips Ahead of Expected Fed Rate Hike

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Date: March 10th, 2017.

The Australian Dollar to US Dollar exchange rate rallied on Friday afternoon as markets reacted to the latest labour statistics from the US. AUD USD jumped from 0.7518 to 0.7549 following the release of the US job data. The US Non-Farm Payrolls figures for February printed far higher than expected, with the US economy adding [...]

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The Australian Dollar to US Dollar exchange rate was trending near its best 2017 levels on Thursday, but had slipped from its peak due to a mixed Australian employment report and the increasing strength of the US Dollar. AUD/USD continues to test the level of 0.77 at the time of writing after rising from the [...]

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The Australian Dollar to US Dollar exchange rate has dipped this week as investors sold the Australian Dollar from last week’s highs. However, fluctuations in risk-sentiment have kept the US Dollar from capitalising. As a result, AUD/USD has remained in the region of 0.76 throughout the week. Last week, the Australian Dollar surged due to [...]

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The Australian Dollar has made fractional gains against the US Dollar, although this could be considered the calm before the storm of Donald Trump’s inauguration this Friday. Much of this week’s US Dollar movement has been caused by the Federal Reserve, with policymakers raising the prospect of a string of US interest rate hikes in [...]

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Demand for risk-correlated currencies dipped towards the end of last week as commodity trade became mixed. While OPEC’s deal to cut oil production bolstered risk demand, it also boosted the US Dollar which kept the ‘Aussie’ limited. AUD/USD began the week above 0.74 but fell closer to 0.73 by Friday. The Australian Dollar took a [...]

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The Australian Dollar to US Dollar exchange rate had climbed to its highest level since April before the US Presidential election shockingly veered towards Trump. As a result of Trump’s win, AUD/USD plummeted to a weekly low of 0.75 and continued to trend below the week’s opening level of 0.76 throughout Wednesday’s European session. Investors [...]

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The Australian Dollar to US Dollar exchange rate has traded relativity flatly today as the US Dollar (USD) continues to suffer as a result of the political uncertainty surrounding the US elections. The Australian Dollar (AUD) has struggled to advance against the US Dollar today despite the US Dollar notably dropping against many of the [...]

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The Australian Dollar has kept to its winning streak against the US Dollar so far this week, despite the handicap of not having much domestic data to rely on. The US Dollar has continued to fluctuate overall, though future advances could well be in store given the current odds assigned to a December Fed interest [...]

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The Australian Dollar to US Dollar exchange rate gained on Monday after sliding at the close of last week as a result of lacklustre Australian private sector credit data. AUD looks to remain fairly strong for the foreseeable future thanks to rising commodity prices and a return to risk-on as investors look to profit from [...]

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The Australian Dollar to US Dollar exchange rate was on a downtrend on Friday before the latest US retail sales report. The report caused a surge in demand for risky currencies, allowing AUD/USD to hold its ground near 0.77 as the week drew to an end despite ‘Aussie’ sentiment recoiling slightly following the week’s AUD [...]

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