The US Dollar Resumed Strengthening While the Australian Dollar Struggles.


The Australian Dollar resisted in the Asian session today following the ascendency regaining of the US Dollar after several Fed speakers hammered on their hawkish stance.

Solid jobs data yesterday did little to recalibrate rate hike expectations for the RBA’s monetary policy meeting next month. Conversely, the Fed is stating the case for a ‘higher for longer’ rate outlook.

James Bullard, the St. Louis Federal Reserve President, said that the policy rate is not yet in a zone that may be taken to be sufficiently restrictive.

In the following session, Fed President of Minneapolis, Neel Kashkari, crossed the wires by saying he needs to be assured that inflation has at least stopped climbing and that they are not falling further behind the curve before he would advocate stopping the progression of future rate hikes.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.