Australian Dollar Plunges Amid US Dollar Strength: Analysis and Insights

Friday, 22 March 2024, 06:39
The Australian Dollar (AUD) faced a decline for the second day in a row due to the strengthening of the US Dollar (USD) after a mix of S&P preliminary PMI data and strong weekly Jobless Claims from the US. Traders are now keeping a close eye on Fed Chair Powell's upcoming speech for further market direction.
https://store.livarava.com/add8b0f0-e818-11ee-9695-5254a2021b2b.jpe
Australian Dollar Plunges Amid US Dollar Strength: Analysis and Insights

Australian Dollar Depreciates

The Australian Dollar (AUD) depreciates for the second consecutive session on Friday, as the US Dollar (USD) strengthened following mixed S&P preliminary Purchasing Managers Index (PMI) data and robust weekly Jobless Claims from the United States (US).

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe