* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, July 13, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    Emily Deschanel was scolded during “Bones” season 1 for being ‘late and unprepared’: ‘I was just beside myself’ – Yahoo

    How you can see new movies early – Yahoo

    Unlock the Secret to Watching New Movies Before Everyone Else!

    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

    Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

    China’s energy dominance in three charts – MIT Technology Review

    How China Is Powering Its Energy Dominance: A Visual Breakdown

    Meta Acquires AI Startup PlayAI to Enhance Voice Technology Capa – GuruFocus

    Meta Acquires AI Startup PlayAI to Revolutionize Voice Technology Capabilities

    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

AUD/USD rises amid easing US inflation, stays firm around 0.6650s

June 30, 2023
in Business
AUD/USD rises amid easing US inflation, stays firm around 0.6650s
Share on FacebookShare on Twitter

AUD/USD surges 0.66%, eyes 0.6700 as US inflation shows signs of slowing, softening the US dollar.
Despite weaker Chinese data and lower CPI, AUD finds support from diminished expectations of aggressive Fed hikes.
Aussie’s surge and the US Dollar Index’s 0.48% drop reflect a reassessment of the Fed’s future tightening stance.

AUD/USD climbs sharply and eyes a test of the 0.6700 figure after economic data from the United States (US) showed that inflation is cooling, weakening the US Dollar (USD) despite solid data revealed on Thursday. Hence, the Australian Dollar (AUD) gets a respite, and the AUD/USD pair exchanges hands at 0.6658, gaining 0.66% after hitting a daily low of 0.6603.

Cooling inflation in the US softens the greenback and boosts the Aussie, despite weaker Chinese data, subdued RBA expectations

The US economic docket showed plentiful data as the week, month, and quarter-end approaches. The US Department of Commerce delivered the US Federal Reserve (Fed) preferred gauge for inflation, the Core Personal Consumption Expenditures (PCE), which rose by 0.3% MoM, in line with estimates, below April’s 0.4%. Yearly data pointed lower to 4.6%, from 4.7% in the previous month, showing that inflation is becoming entrenched and not slowing at the pace projected by the Fed. Headline data showed that inflation edged much lower than monthly figures.

In other data, the Chicago National Activity Index PMI rose by 41.5, exceeding May’s 40.4 print, a slight improvement but shy of getting to expansionary territory. At the same time, the University of Michigan (UoM) Consumer sentiment survey rose by 64.4, above estimates and the preliminary reading of 63.9.

On the Australian front, the Aussie (AUD) remains pressured by weaker Chinese data, as factory data dented market sentiment during the Asian session. Expectations for additional tightening by the Reserve Bank of Australia (RBA) sank after the latest CPI report showed inflation dipping to a 13-month low. Hence, money market futures show six basis points of tightening by July, but investors expect rates to peak at around 4.50% by December 2023.

Following the release of the US data, the AUD/USD soared from around 0.6620 to 0.6650. That reflects traders expect the Fed to hike rates, but not as aggressively as expected, following upbeat Thursday’s data. Consequently, US Treasury bond yields are falling, while the US Dollar Index, a measure of the buck’s performance against a basket of six currencies, edged lower by 0.48%, exchanging hands at 102.925.

Regarding monetary policy by the Fed, odds for a 25-bps hike are still up at 87%, as shown by the CME FedWatch Tool, with traders still expecting another rate increase towards November 2023.

AUD/USD Price Analysis: Technical outlook

AUD/USD Daily chart

After diving to a weekly low of 0.6595, the AUD/USD bounced off the lows and rose above 0.6650, a psychological level. It should be said that for a bullish continuation, the AUD/USD must crack June’s 23 daily low of 0.6662 turned resistance to open the way to a confluence of daily EMAs, with the 20, 50, and 100 hoovering around the 0.6700 figure. Otherwise, the AUD/USD pair will be exposed to further selling pressure, with sellers eyeing the 0.6600 figure, the weekly low of 0.6590s, and the May 30 daily high turned support at 0.6559.

Upcoming events

Economic calendar

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/aud-usd-rises-amid-easing-us-inflation-stays-firm-around-06650s-202306301602

Tags: businesseasingrises
Previous Post

NZD/USD recovers after soft PCE data from the US

Next Post

United States Baker Hughes US Oil Rig Count down to 545 from previous 546

Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

July 13, 2025
Paris Saint-Germain vs. Chelsea FC: How to watch the FIFA Club World Cup Championship final, channel, where to stream and more – Yahoo Sports

Paris Saint-Germain vs. Chelsea FC: Your Ultimate Guide to Watching the FIFA Club World Cup Final Live

July 13, 2025
Nature talks gone awry can be memorable | ECOVIEWS – The Tuscaloosa News

Nature talks gone awry can be memorable | ECOVIEWS – The Tuscaloosa News

July 13, 2025
Scientists discovered maximum age an average human can likely live to – LADbible

Scientists Reveal the Maximum Age an Average Human Can Likely Reach

July 13, 2025
‘Science Fair’ of Lost Research Protests Trump Cuts – Scientific American

Scientists Rally at ‘Science Fair’ to Protest Trump’s Research Funding Cuts

July 13, 2025
Larry June Breaks Down the Business of Being Yourself, Becoming a Lifestyle Rap Icon and Thinking Like a Hustler – XXL Mag

Larry June Breaks Down the Business of Being Yourself, Becoming a Lifestyle Rap Icon and Thinking Like a Hustler – XXL Mag

July 13, 2025
Trump and Infantino’s ‘bromance’ at the Club World Cup – Le Monde.fr

Inside the Surprising Bromance Between Trump and Infantino at the Club World Cup

July 13, 2025
How America’s economy is dodging disaster – The Economist

How America’s economy is dodging disaster – The Economist

July 13, 2025
Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

Kehoe repeals paid sick leave, allows several counties in the Ozarks to have entertainment districts in bill signings – KY3

July 13, 2025
A clinic blames its closing on Trump’s Medicaid cuts. Patients don’t buy it. – The Washington Post

Clinic Blames Medicaid Cuts for Closing, But Patients Aren’t Convinced

July 13, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (719)
  • Economy (742)
  • Entertainment (21,629)
  • General (15,871)
  • Health (9,779)
  • Lifestyle (749)
  • News (22,149)
  • People (743)
  • Politics (752)
  • Science (15,960)
  • Sports (21,240)
  • Technology (15,727)
  • World (725)

Recent News

Nordic Air Defence raises $3 million to expand operations and advance drone defence technology – Defence Industry Europe

Nordic Air Defence Lands $3 Million to Transform Drone Defense and Supercharge Operations

July 13, 2025
Paris Saint-Germain vs. Chelsea FC: How to watch the FIFA Club World Cup Championship final, channel, where to stream and more – Yahoo Sports

Paris Saint-Germain vs. Chelsea FC: Your Ultimate Guide to Watching the FIFA Club World Cup Final Live

July 13, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version