empty
24.04.2019 02:15 PM
Australian suffered from weak inflation, the dollar is preparing to go up

This image is no longer relevant

The Australian dollar was knocked down by lower than expected inflation rates. This has reinforced the prospect of a lower interest rate, while the US dollar continues to feel more than confident within the 22-month high reached during the previous session. The dollar has strengthened thanks to strong data on housing in the US — another indicator showing that the US economy is much superior to competitors. This optimism encourages investors to buy the dollars in recent weeks. It remains to wait until Friday when the most important data on GDP for the first quarter will be published. According to most experts, the US GDP will show strong growth, which will push the dollar even higher.

Consider in more detail the situation with the Australian. Given the significant decline over the past 24 hours, we can expect a small rebound due to profit taking, but in general, the outlook for the currency is weak. Plus, there are too many AUD sellers on the market.

This image is no longer relevant

The euro weakened by 0.1 percent to 1.12165 dollars but holds above Tuesday's lows of 1.1192 dollars. Although the German business climate index was lower than forecast, it had little effect on the already weaker single currency. The euro cannot rise, as negative sentiment persists after the disappointing PMI data, and only short positions keep it above the annual low. The currency can be saved by more positive economic data, good political news and higher yield of government bonds.

This image is no longer relevant

Irina Maksimova,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

US stocks climb: S&P 500 hits sixth record, chipmakers rally

S&P 500 notched its sixth record. Nasdaq posted six best sessions. Chip stocks surged. PepsiCo and United Airlines climbed. Indices rose: Dow Jones up 0.52%, S&P 500 up 0.54%, Nasdaq

12:47 2025-07-18 UTC+2

US Market News Digest for July 18

The S&P 500, Nasdaq, and Dow Jones closed higher by 0.54%, 0.75%, and 0.52%, respectively, amid strong macroeconomic data. Released figures on retail sales and employment reinforced investor confidence

Ekaterina Kiseleva 12:31 2025-07-18 UTC+2

US indices rush into summer: S&P 500 hits sixth record high and chip stocks soar

The S&P 500 set its sixth record high since June 27. The Nasdaq has posted six best results in the past seven sessions. Chip stocks jumped after TSMC's record quarterly

Thomas Frank 10:43 2025-07-18 UTC+2

US Market News Digest for July 17, 2025

US stock indices closed the day with moderate gains, driven by speculation over Jerome Powell's potential resignation as Chairman of the Federal Reserve, causing short-term volatility in the markets. Investors

Ekaterina Kiseleva 12:36 2025-07-17 UTC+2

Powell's resignation? Markets recover, Nasdaq hits new record

Markets recover from brief sell-off amid Powell's resignation Indices close higher: Dow Jones - 0.53%, S&P 500 - 0.32%, Nasdaq - 0.26% Nasdaq hits fifth all-time high in six sessions

Thomas Frank 11:14 2025-07-17 UTC+2

Nasdaq Storms Highs: Nvidia Soars, Citigroup Closes at 2008 High

Nasdaq Closes at Fourth Record High in Five Sessions Nvidia Surges as China Resume Chip Sales in H1 2020 Citigroup Ends at 2008 Highest After Q2 Profit Beat JP Morgan

Thomas Frank 08:02 2025-07-16 UTC+2

US Market News Digest for July 15

Gilead Sciences stock is showing signs of growth after a strong rebound from the support line, with a projected rise toward the March 10 high of 119.89. Meanwhile, Baidu continues

Ekaterina Kiseleva 14:16 2025-07-15 UTC+2

Bitcoin Breaks $120K, Nasdaq to New Highs: Markets Eager for More Drive

Tuesday Kicks Off Key Economic Data Series and Earnings Season Nasdaq Posts Seventh Record Close Since June 27 Crypto Stocks Jump as Bitcoin Climbs to $120K Waters Merge with Becton

Thomas Frank 10:18 2025-07-15 UTC+2

Markets on edge: Trump targets EU, inflation and China data in focus

Wall Street and European equity indices opened the week in the red, following losses across Asian markets on Monday. Investors are reacting to the latest bout of trade war rhetoric

14:48 2025-07-14 UTC+2

US Market News Digest for July 14

Donald Trump announced 30% tariffs on goods from the EU and Mexico. The initial market reaction was negative, but the S&P 500 partially rebounded thanks to gains in large-cap stocks

Ekaterina Kiseleva 14:36 2025-07-14 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.