AUD Rate Today - The Australian Dollar recovers and attempts to move into positive territory, supported by the performance of the ASX 200. However, the strength of the US Dollar may exert pressure. The RBA maintains interest rates at the highest level in 12 years, acknowledging the challenges of controlling inflation. The US Dollar Index continues to rise, driven by US Treasury yields. Investors are awaiting the Fed's interest rate decision, which is expected to remain stable.
 
Daily Market Movers Summary for AUD Rate: The Australian Dollar rises amid a rally in the stock market.
 
  • The ANZ-Roy Morgan Consumer Confidence Index in Australia slightly decreased to 81.7 from 82.2 the previous week.  
  • The People's Bank of China (PBoC) maintained the interest rate at 4.45%.  
  • A meeting between Chinese Foreign Minister Wang Yi and Australian Foreign Minister Penny Wong emphasized the great potential of the relationship between the two countries.  
  • According to the CME FedWatch Tool, the likelihood of an interest rate cut in May is 6.3%, while in June and July, it is 59.2% and 76.0%, respectively.  
  • US Building Permits (Monthly) rose to 1.518 million in February, exceeding previous estimates.  
  • US Housing Starts (MoM) increased to 1.521 million in February, surpassing market expectations.  
  • The initial US Michigan Consumer Sentiment Index slightly decreased to 76.5 from 76.9.  
  • US Industrial Production rose by 0.1% in February, slightly above estimates.  
  • The Core Producer Price Index (PPI) in the US remained consistent with a year-on-year increase of 2.0% in February, slightly exceeding expectations.  
  • US PPI (YoY) rose by 1.6% in February, surpassing previous estimates. Monthly PPI increased by 0.6%, exceeding market expectations.
 
Read Also:

Warning!

That is the forex news regarding "AUD Rate Today: The Australian Dollar Dominates Amid USD Stability." This analysis is based on perspectives from trusted fundamental and technical sources and does not constitute advice or solicitation. Always remember that this content aims to enrich the readers' information. Always conduct independent research regarding other forex information as a reference for your trading.
 
Get the latest news and articles from GIC Indonesia, which you can check on Google News daily to stay updated on the latest developments in the forex and crypto worlds. Trade also on GICTrade using an ECN account to enjoy trading with low spreads starting from zero!