Market Analysis

Stay informed with our timely forex analysis



Australian Dollar receives upward support from higher ASX 200 amid a firmer US Dollar


  • Australian Dollar exhibits sideways movement with a bias to recover recent losses.
  • Australia's S&P/ASX 200 Index mirrors the gains seen on Wall Street overnight, avoiding the upbeat US Inflation data.
  • US CPI YoY and MoM rose by 3.2% and 0.4%, respectively, in February.

The Australian Dollar (AUD) consolidates, with a sentiment indicating a potential to recover recent losses on Wednesday. Despite the S&P/ASX 200 Index rising for the second consecutive day, tracking gains on Wall Street overnight, lower commodity prices could exert pressure on the Aussie Dollar. Investor sentiment remains cautiously optimistic following the release of upbeat Consumer Price Index (CPI) data from the United States (US).

Australian Dollar suffered losses against the US Dollar (USD) on Tuesday, driven by a stronger-than-expected CPI report that dampened hopes of a near-term rate cut by the Federal Reserve (Fed). This strengthened the Greenback, potentially creating headwinds for the AUD/USD pair. Traders are likely to shift their focus to the US Core Producer Price Index (PPI) and Retail Sales data scheduled for release on Thursday.

Website Terms of Use Privacy Policy

2024 © - All Rights Reserved by BCR Co Pty Ltd

Risk Disclosure: Derivatives are traded over-the-counter on margin, which means they carry a high level of risk and there is a possibility you could lose all of your investment. These products are not suitable for all investors. Please ensure you fully understand the risks and carefully consider your financial situation and trading experience before trading. Seek independent financial advice if necessary before opening an account with BCR.