FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
ETX Capital information and reviews
ETX Capital
FxPro information and reviews
FIBO Group information and reviews
FIBO Group

AUD/USD climbs above 0.7630 amid renewed USD weakness

5 April 2021

AUD/USD reversed its direction after dropping to 0.7600 area. US Dollar Index retreats below 93.00 during the European session. Focus shifts to Markit and ISM Services PMI data. The AUD/USD pair started the new week under modest bearish pressure and dropped to 0.7600 area in the late Asian session. However, the pair reversed its course amid a renewed USD weakness and was last seen gaining 0.38% on a daily basis at 0.7635.

USD's market valuation continues to drive aud/usd movements

The risk-positive market environment is making it difficult for the greenback to attract investors on Monday. The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, is currently down 0.18% on the day at 92.84. In the absence of significant fundamental drivers, the impressive jobs report from the US seems to be allowing risk flows to continue to dominate the financial markets.

On Friday, the US Bureau of Labor Statistics reported that Nonfarm Payrolls in March increased by 916,000, compared to the market expectation of 647,000. Furthermore, the Unemployment Rate dropped to 6% from 6.2% despite an uptick to 61.5% in the Labor Force Participation Rate. Reflecting the upbeat market mood, the S&P 500 Futures are up nearly 0.7% ahead of Wall Street's opening bell.

The US economic docket on Monday will feature the IHS Markit's final Services PMI reading for March and the ISM's Services PMI report. On Tuesday, the Reserve Bank of Australia will announce its Interest Rate Decision and release the Rate Statement. Earlier in the day, Reuters reported that all but one of 24 economists surveyed saw no change to monetary policy at the RBA's board meeting. "One economist predicted a 5-basis point cut to 0.05%," Reuters further noted.



AUD/USD flirts with two-month lows, around 0.7600 amid notable USD strength

AUD/USD struggled to capitalize on upbeat aussie jobs report-led modest intraday gains. Hawkish Fed continued underpinning the USD and prompted fresh...

17 Jun 2021

Australian Dollar slowed down its growth

AUDUSD is moving downwards on Wednesday after a quite successful trading session earlier. The Australian Dollar is falling against the USD on Wednesday...

2 Jun 2021

The Aussie improved pretty much

AUDUSD continues growing after the RBA finished its meeting and published some statistics. The Australian Dollar continues rising against the USD on Tuesday morning...

1 Jun 2021

RBA could take a little more time as global taper talks intensify

The first day of June will see the Reserve Bank of Australia (RBA) publishing its policy statement at 04:30 GMT. Expectations are for the central bank to upgrade...

31 May 2021

AUD/USD remains depressed around 0.7720 as focus shifts to US data

The AUD/USD pair closed virtually unchanged on Thursday and came under renewed bearish pressure during the European trading hours on Friday. As of writing...

28 May 2021

AUD/USD rises to fresh daily highs above 0.7760 after US data

After starting the day on a firm footing and climbing above 0.7750 during the European trading hours, the AUD/USD pair staged a technical correction but didn't have...

20 May 2021

Editors' Picks

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.