AUD commentary: The Aussie rebounded thanks to the RBA meeting m
China's weak economy has put pressure on the AUD recently despite measures to stimulate growth. China's GDP report tomorrow is likely to create volatility for the AUD/USD pair.
Australian iron ore export figures rebounded today, supporting AUD. US retail sales will be released later today and if the actual data is in line with forecasts, AUD could rise further. Upcoming Fed speeches will provide the bank's perspective on recent economic data as well as the Israel-Hamas military conflict. Diplomatic efforts between the two sides in the conflict have reduced risk aversion in global markets, supporting AUD's rise.
Australian iron ore export figures rebounded today, supporting AUD. US retail sales will be released later today and if the actual data is in line with forecasts, AUD could rise further. Upcoming Fed speeches will provide the bank's perspective on recent economic data as well as the Israel-Hamas military conflict. Diplomatic efforts between the two sides in the conflict have reduced risk aversion in global markets, supporting AUD's rise.
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