FX News

AUD/USD Transfer

After falling to 0.6500 levels early in the week against the US Dollar (USD) the Australian Dollar (AUD) has put in a decent performance to bounce back to 0.6630 late Thursday. The currency running up off the back of big Dollar weakness post the Fed rate announcement. The Fed left rates unchanged at 5.50% with Fed chair Powell saying stronger growth and firmer than expected inflation has changed the expectation of timing with kicking off rate cuts which is predicted to start around midyear. The Aussie wasn’t able to hold gains around 0.6630 falling to 0.6560 into Friday on stronger than expected Australian Jobs data with unemployment dropping from 4.1% to 3.7% in February.

The current interbank midrate is: AUDUSD 0.6574

The interbank range this week has been: AUDUSD 0.6503- 0.6633


Previous ArticleNext Article