Australian Dollar Appreciates Despite Strong US Dollar, PMI Expected

Australian Dollar Appreciates Despite Strong US Dollar, PMI Expected

The Australian Dollar remains strong as the PMI indicates a mixed economic outlook. Judo Bank Australia manufacturing activity improved in November but remained in contraction, while services activity fell into negative territory. The US Dollar Index hit its new yearly high of 107.15 after US Initial Jobless Claims were released on Thursday. The Australian Dollar […]

Australian Dollar Holds Gains on RBA’s Bullock’s Hardline Comments Ahead of US Elections

Australian Dollar Holds Gains on RBA’s Bullock’s Hardline Comments Ahead of US Elections

The Australian Dollar held firm as the RBA decided to keep interest rates unchanged in November. Australia’s Judo Bank Services and Composite PMIs improved to 51.0 and 50.2, respectively, in October. The US dollar faced challenges amid uncertainty surrounding the US presidential election. The Australian Dollar (AUD) holds its ground after posting gains in the […]

Australia’s Judo Bank Services PMI rises to 51.0 in October vs. 50.6 expected

Australia’s Judo Bank Services PMI rises to 51.0 in October vs. 50.6 expected

Australia’s Judo Bank Services Purchasing Managers’ Index (PMI) final reading improved to 51.0 in October from 50.6 in the previous reading. This figure was above the market consensus of 50.6, according to the latest data released by Judo Bank and S&P Global on Tuesday. The composite PMI rose to 50.2 in October from 49.8 previously. […]

Australian Dollar Stays Strong as US Dollar Declines Ahead of PMI Release

Australian Dollar Stays Strong as US Dollar Declines Ahead of PMI Release

The Australian Dollar remains stronger following the release of Purchasing Managers’ Index data on Thursday. The Judo Bank of Australia Services PMI rose to 50.6 in October, marking its ninth consecutive month of expansion. The Fed’s Beige Book report indicated that economic activity was “little changed in nearly all Districts.” The Australian Dollar (AUD) rises […]