Aussie falls as investors shy away from risk

Economies.com
2022-01-14 16:47PM UTC

The Australian dollar fell against most currencies on Friday, as investors shy away from risk assets and following the coronavirus pandemic developments.

 

A Moderna official stated that the coronavirus could start moving into an endemic phase in 2022 such as seasonal influenza.

 

However, WHO officials stressed that it is too early to consider Covid-19 an endemic disease, as countries continue to suffer from the new variant Omicron.

 

US Federal Reserve Chairman Jerome Powell and several Fed officials have hinted at the near start interest rate hikes to curb inflation.

 

The US retail sales index fell 1.9% in December, while analysts expected the index to hold unchanged.

 

As of 16:46 GMT, AUD/USD fell 0.7% to 0.7226, after hitting a high of 0.7295 and a low of 0.7222.

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...