The Aussie Dollar (AUD) recovers against the US Dollar (USD) after hitting a daily low of 0.6509, though broad USD weakness underpins the commodity-linked currency.
AUD/USD climbs after a dip, finding support from a broader USD retreat. Fed's mixed messages on interest rates, with Bostic cautious on cuts and Goolsbee open to three, sway market sentiment. US New Home Sales dropped, while the Dallas Fed Manufacturing Index dived. The Aussie Dollar recovers against the US Dollar after hitting a daily low of 0.6509, though broad USD weakness underpins the commodity-linked currency. At the time of writing, the AUD/USD trades at 0.6543, up 0.43%.
The Chicago Fed National Activity Index improved from -0.54 to 0.05. According to the Chicago Fed, all four categories that compose the index improved on the month. Recently, the Dallas Fed Manufacturing Index plunged further from -11.3 in February to -14.4 in March. Wages and prices increased during the month, while expectations for future manufacturing activity, generally improved.
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