The AUD/USD exchange rate rose to the highest level since August 31 as China continued reopening.
It rose to a high of 0.6945, the highest level since August 30th of last year. The pair has jumped by over 12% from its lowest point in 2022 as the US dollar index has plunged.The Australian dollar continued its recovery as China continued to reopen its borders. On Sunday, people started traveling between Hong Kong and Mainland China. The country also ended most of the parts of the Covid-zero strategy. Therefore, analysts expect that the Chinese economy will start recovering in 2023.
The AUD/USD pair also rose as the US dollar continued weakening. The US dollar index has plunged from last year’s high of $115 to $103. This sell-off started when data from the US showed that the country’s inflation had peaked. Investors believe that the Federal Reserve will start easing its interest rate hikes in the coming months. This explains why the US dollar index and bond yields have plunged while stocks have surged after the report.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
AUD/USD advances to near 0.6880 amid upbeat market mood, more upside seems favoredThe AUD/USD pair is expected to turn sideways after a juggernaut rally to near the crucial resistance of 0.6880. For further upside, more buying inter
Baca lebih lajut »
AUD/USD to enjoy further upside towards August high at 0.7136 – Credit SuisseAUD/USD is breaking into fresh highs. Economists at Credit Suisse look for further upside towards 0.7088/7136. Support shifts to 0.6888/86 “Whilst a s
Baca lebih lajut »
AUD/USD bulls flirt with 0.6900 as firmer sentiment battles with downbeat Aussie dataAUD/USD bulls flirt with 0.6900 as firmer sentiment battles with downbeat Aussie data – by anilpanchal7 AUDUSD RiskAppetite Inflation Housing Fed
Baca lebih lajut »
AUD/USD Price Analysis: Aims to conquer 0.7000 amid a cheerful market moodThe AUD/USD pair is displaying a sideways auction around the immediate hurdle of 0.6930 in the Asian session. The Aussie asset is expected to continue
Baca lebih lajut »
AUD/USD: Extra gains now look at 0.6950 – UOBThe ongoing upside bias could motivate AUD/USD to strengthen to the 0.6950 region in the next few weeks, suggested UOB Group’s Economist Lee Sue Ann a
Baca lebih lajut »
AUD/USD clings to gains near multi-month top, comfortably above 0.6900 amid weaker USDAUD/USD clings to gains near multi-month top, comfortably above 0.6900 amid weaker USD – by hareshmenghani AUDUSD Fed Bonds RiskAppetite Currencies
Baca lebih lajut »