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
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 […]
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 […]