Tag: AUDUSD
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AUD/USD Dips as Aussie PMI Looms and RBA Inflation Focus Holds Markets
USD Dips Ahead of Australian PMI as RBA Monitor Inflation The currency pair AUD/USD traded around 0.6440 in European trading on Thursday, edging lower as investors positioned themselves ahead of the flash S&P Global Purchasing Managers’ Index (PMI) for November. The broader backdrop remains cautious, with traders balancing domestic Australian data against ongoing U.S. dollar…
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USD Treads Lower as AUD Pauses Ahead of Australian PMI and RBA Inflation Watch
USD weakness persists ahead of Australian PMI and RBA commentary The U.S. dollar continued to soften on Thursday as traders positioned for upcoming Australian data, with the AUD/USD pair trading lower around 0.6440 at the time of writing. Market attention has shifted to the flash S&P Global Purchasing Managers’ Index (PMI) for November, due for…