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Australian Dollar extends losses amid US Dollar rebounds, focus on US, Australia data

From fxstreet.com

The Australian Dollar (AUD) continues the losing streak for the fourth successive day on Monday. The AUD/USD pair faces challenges due to a rebound in US Dollar (USD) amid upbeat US Treasury yields. Australia’s central bank is anticipated to implement more stringent monetary policies. Reserve Bank of Australia (RBA) Governor Michele Bullock has stated that should inflation persist above the projected levels, the RBA is prepared to enact suitable policy measures. Australia's employment scenario is experiencing interesting shifts. In September, the Employment Change took an unexpectedly sharp decline, adding a ... (full story)

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  • Category: Fundamental Analysis