AUSTRALIAN DOLLAR RETREATS, RBA POLICY DECISIONS STILL IN FOCUS... Wulan Viana から-フォローミートレーディングコミュニティ

22 Jun 2024, 15:03 · Views 113

Australian Dollar has lost some momentum in recent sessions despite RBA’s hawkish hold.
Treasury yields benefit US Dollar on Thursday.
Australian economy's next crucial data set will be released in Friday's session with the June Judo PMI figures from Australia.

In Thursday's session, the Australian Dollar (AUD) met with some losses against its peers. This development follows the AUD/USD’s retreat after two consecutive sessions of gains heading toward 0.6670, ultimately succumbing to higher US Treasury yields that boost the USD.

Signs of fragility are emerging in the Australian economy, however, persistently high inflation is causing the Reserve Bank of Australia (RBA) to postpone potential rate cuts, potentially mitigating further losses. The RBA is primed to be among the last G10 nations to initiate rate cuts, a situation that might perpetuate the Aussie's gains.

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