Aussie rise as US dollar falters
The Australian dollar rose against its peers on Tuesday, as the US dollar's rally faltered after the US Treasury bond yields fell.
The Australian dollar rose today near its 50-day simple moving average, which put it under the spotlight.
The 10-year US Treasury yield fell today from the 13-month high of 1.6% to head for the first loss in 5 days.
Countries around the world are still embroiled in the fight against the coronavirus, which is reflected in the lockdown restrictions, closures and the distribution of vaccines.
The US House of Representatives will vote later this week on the $1.9 trillion Covid-19 relief package after it was approved by the Senate.
As of 16:15 GMT, AUD/USD rose 0.6% to 0.7696, after hitting a high of 0.7720, and a low of 0.7621.
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 18-04-2024
GBP/USD Price Analysis Expected Scenario The GBP/USD price is testing the 1.2480$ ...
Forex
The EURUSD price forecast update - 18-04-2024
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...