FOREX TradingCharts.com

Forex News: Australian Dollar Falls In Cautious Trade

Australian Dollar Falls In Cautious Trade

06/18/2021 - 03:02:00 (RTTNews)

(RTTNews) - The Australian dollar fell against its most major opponents in the Asian session on Friday, as investors weighed the prospects of a sooner-than-expected tightening of monetary policy by the U.S. Federal Reserve.

The Fed brought forward its projections for interest rate hikes into 2023 and indicated that officials had started talks about the process for withdrawing bond buying program.

The Fed's hawkish shift triggered a sharp pullback in the equity markets as the economy remained "a ways off" from reaching the employment goal.

Investors are pondering the possible timing of the start of winding down the QE program.

Oil prices fell amid a high dollar, as the Fed penciled in two potential rate hikes in 2023, faster than projected by policymakers.

The aussie weakened to near a 6-month low of 0.7511 against the greenback and near a 3-month low of 82.76 against the yen, pulling away from its prior highs of 0.7561 and 83.38, respectively. The next possible support for the currency is seen around 0.72 against the greenback and 80.00 against the yen.

The aussie reversed from its previous highs of 1.5752 against the euro and 0.9336 against the loonie, declining to a fresh 2-week low of 1.5844 and a 2-week low of 0.9297, respectively. The aussie may locate support around 1.60 against the euro and 0.90 against the loonie.

In contrast, the aussie rose to a 2-day high of 1.0805 against the kiwi from Thursday's close of 1.0769. If the aussie rises further, 1.10 is likely seen as its next resistance level.

Looking ahead, Eurozone current account for April will be published in the European session.

Canada new housing price index for May is set for release in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Little Changed After U.S. Consumer Sentiment Index (06 hr(s), 06 min(s), 24 sec(s) ago)
(RTTNews) - The University of Michigan's final consumer sentiment index for July has been rele ...Full Story»

Dollar Little Changed After U.S. Personal Income And Spending Data (07 hr(s), 36 min(s), 24 sec(s) ago)
(RTTNews) - The U.S. personal income and spending data for June has been released at 8:30 am ET Fr ...Full Story»

Dollar Rebounds Ahead Of U.S. Personal Income And Spending Data (07 hr(s), 45 min(s), 24 sec(s) ago)
(RTTNews) - The U.S. personal income and spending data for June is due at 8:30 am ET Friday. Ahead ...Full Story»

Euro Appreciates As Eurozone Economic Growth Beats Forecasts (07 hr(s), 57 min(s), 24 sec(s) ago)
(RTTNews) - The euro climbed against its most major counterparts in the European session on Friday ...Full Story»

Euro Little Changed After Eurozone GDP Data (11 hr(s), 03 min(s), 24 sec(s) ago)
(RTTNews) - At 5.00 am ET Friday, Eurostat has published euro area preliminary flash GDP report, f ...Full Story»

Euro Mixed Before Eurozone GDP Data (11 hr(s), 09 min(s), 24 sec(s) ago)
(RTTNews) - At 5.00 am ET Friday, Eurostat is slated to issue euro area preliminary flash GDP repo ...Full Story»

Australian Dollar Falls In Cautious Trade (11 hr(s), 18 min(s), 23 sec(s) ago)
(RTTNews) - The Australian dollar declined against its major counterparts in the Asian session on ...Full Story»

Dollar Falls Following U.S. GDP Data (07 hr(s), 33 min(s), 23 sec(s) ago)
(RTTNews) - The U.S. GDP data for the second quarter has been released at 8:30 am ET Thursday. The ...Full Story»

Search

FOREX NEWS

Dollar Little Changed After U.S. Consumer Sentiment Index

07/30/2021 - 10:04 AM (RTTNews)
(RTTNews) - The University of Michigan's final consumer sentiment index for July has been rele ...Full Story>>

Dollar Little Changed After U.S. Personal Income And Spending Data

07/30/2021 - 08:34 AM (RTTNews)
(RTTNews) - The U.S. personal income and spending data for June has been released at 8:30 am ET Fr ...Full Story>>

Dollar Rebounds Ahead Of U.S. Personal Income And Spending Data

07/30/2021 - 08:26 AM (RTTNews)
(RTTNews) - The U.S. personal income and spending data for June is due at 8:30 am ET Friday. Ahead ...Full Story>>

Euro Appreciates As Eurozone Economic Growth Beats Forecasts

07/30/2021 - 08:12 AM (RTTNews)
(RTTNews) - The euro climbed against its most major counterparts in the European session on Friday ...Full Story>>

Euro Little Changed After Eurozone GDP Data

07/30/2021 - 05:06 AM (RTTNews)
(RTTNews) - At 5.00 am ET Friday, Eurostat has published euro area preliminary flash GDP report, f ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.