Aud news bloomberg
You're looking for the latest news from AUD/USD (Australian Dollar vs. US Dollar) on Bloomberg!
Here are some recent updates:
Current Rate: 1 AUD = 0.68 USD (as of 10:30 AM ET)
News:
- Australian Dollar Weakens Amid Global Market Volatility: The AUD/USD pair fell 0.5% to 0.6845 after a mixed bag of economic data from Australia and the US. (Source: Bloomberg)
- RBA Holds Interest Rates Steady: The Reserve Bank of Australia (RBA) kept its benchmark interest rate unchanged at 0.1% for the 10th consecutive month, citing the ongoing pandemic and economic uncertainty. (Source: Bloomberg)
- Australian Economy Shows Signs of Recovery: The country's GDP grew 3.1% in the third quarter, beating expectations, as the government's stimulus measures and low interest rates boosted consumer spending and business investment. (Source: Bloomberg)
- US-China Trade Tensions Weigh on AUD: The ongoing trade tensions between the US and China, Australia's largest trading partner, have weighed on the AUD, with investors seeking safer assets amid the uncertainty. (Source: Bloomberg)
Technical Analysis:
- The AUD/USD pair is trading below its 50-day moving average (MA) and is likely to face resistance at the 0.70 level.
- The RSI (Relative Strength Index) is currently at 44, indicating a neutral market.
- The MACD (Moving Average Convergence Divergence) is bearish, suggesting a potential decline in the pair.
Economic Calendar:
- Australia: Employment Change (Nov), Unemployment Rate (Nov)
- US: Non-Farm Payrolls (Nov), Unemployment Rate (Nov)
Stay tuned for more updates on the AUD/USD pair and other currency markets on Bloomberg!