AUD/USD POST MODERATE GAINS ON SOLID US DATA, WEAK AUSSIE PMI... dari ia7145

04 May 2024, 13:11 · Views 104

Australian Dollar appreciates against USD, driven by positive sentiment and strong US economic data.
US Dollar Index falls 0.27% after Fed keeps rates steady and signals slower Quantitative Tightening.
Chair Powell stresses data-dependent policy amid slow inflation progress.
Australia's Judo Bank Services PMI disappoints investors, coming at 53.6, down from 54.2, missing estimates.
AUD/USD traders await US labor data, including Nonfarm Payrolls and Unemployment Rates.

The Australian Dollar registered solid gains of 0.65% against the US Dollar on Thursday, courtesy of an upbeat market mood amid solid economic data from the United States (US). However, the Federal Reserve’s (Fed) latest monetary policy decision is still weighing on the Greenback, which finished the session losing 0.27%, as depicted by the US Dollar Index (DXY). The AUD/USD trades at 0.6567, up by a minuscule 0.03%.

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