FX News

AUD/USD Transfer

The Australian Dollar (AUD) has traded around 0.6600 levels for most of the week against the US Dollar (USD). Last night’s US Retail Sales came in soft, creating a “risk off” market tone with equity markets slipping lower, the release sending the Aussie lower to 0.6570 into Friday morning. Earlier US CPI y/y came in above expectations at 3.2% vs 3.10% creating the probability that rate cuts will be made later than expected. Next week’s RBA rate statement meeting will confirm “a remain” at 4.35% but most likely signal they will keep rates “higher for longer” possibly well into 2025.

The current interbank midrate is: AUDUSD 0.6580

The interbank range this week has been: AUDUSD 0.6568- 0.6638


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