ASX 200 Drops Below 7,800, Eyes on Westpac Consumer Confidence
ASX 200 Drops Below 7,800, Eyes on Westpac Consumer Confidence The ASX 200 Index has maintained its upward momentum since March 15, registering a modest increase of 0.15% to around 7,790 by Monday. This growth is largely driven by the mining and energy sectors. Concurrently, the A-VIX, an indicator of market volatility, has risen by
Read moreAustralian Dollar Falters Below Key Level, US Dollar Continues Weakness
Australian Dollar Falters Below Key Level, US Dollar Continues Weakness The Australian Dollar (AUD) commenced the week on a strong note, extending its four-day winning streak into Monday. This upward trajectory comes amid varied influences affecting both the AUD and its US counterpart, the US Dollar (USD). Notably, the AUD/USD pair experienced a boost, driven
Read moreUS Dollar Index Stabilizes Near 104.70, Awaiting US Retail Sales Data
US Dollar Index Stabilizes Near 104.70, Awaiting US Retail Sales Data The US Dollar Index (DXY), which measures the strength of the US Dollar against a basket of major currencies, is struggling to regain its recent losses, hovering around the 104.70 mark during Thursday’s Asian trading session. This apparent stagnation in the dollar’s value is
Read moreAustralian Dollar Climbs Ahead of Aussie Unemployment Data, Despite Steady US Dollar
Australian Dollar Climbs Ahead of Aussie Unemployment Data, Despite Steady US Dollar The Australian Dollar (AUD) is currently attempting to recover from its recent downturn experienced in the previous trading session. This decline in the AUD/USD exchange rate was primarily influenced by the release of strong US inflation data for January, which significantly diminished the
Read moreDollar Approaches 150 Yen Before US Inflation Data; Bitcoin Remains Strong
Dollar Approaches 150 Yen Before US Inflation Data; Bitcoin Remains Strong The US dollar is nearing the significant 150 yen level, last trading at 149.39 yen, as market analysts predict potential intervention from Japanese officials to support their currency. The yen’s decline of over 5% against the dollar this year is partly due to reduced
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