Friday , 20 September 2024
Home Forex Australian Dollar extends upside due to increased likelihood of a bigger rate cut by Fed
Forex

Australian Dollar extends upside due to increased likelihood of a bigger rate cut by Fed

The AUD/USD extends its upside for the third successive session on Friday as economic data from the United States (US) reinforced the possibility that the Federal Reserve (Fed) could lower interest rates by 50 basis points next week.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Gold Technical Analysis – The fall in real yields drives the price higher

Fundamental OverviewThe Fed this week finally started its easing cycle and decided...

BOJ governor Ueda: Easy monetary conditions are in place as real rates remain negative

US economy achieving soft landing is our main scenarioIf US economy achieves...

BOJ governor Ueda: Will carefully communicate thinking behind policy decision with markets

Aware of criticism on communication being insufficient, with regards to post-July meeting...

European equities kick start the day on a slightly softer note

Eurostoxx -0.4%Germany DAX -0.5%France CAC 40 -0.2%UK FTSE -0.5%Spain IBEX +0.1%Italy FTSE...