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AUD/USD extends rally as buyers’ eye 0.6700 ahead of Aussie’s job data
The Australian Dollar surged more than 1% against the US Dollar on Wednesday after data showed that consumer inflation moderated in April, with the underlying Consumer Price Index edging lower for the first time in six months. As Thursday’s Asian session begins, the AUD/USD trades around 0.6695.
EUR/USD reaches for 1.0900, easing US CPI inflation pummels Greenback
EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week. Broad-market selling pressure deflated the US Dollar after risk appetite roared to the forefront after US CPI inflation eased more than investors expected.
Gold rally continues with buyers eyeing $2,400 as inflation recedes
Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
Bitcoin price reclaims territory above $64K after April CPI release
Bitcoin (BTC) price has shown strength, displaying a god candle on Wednesday during the early hours of the American session. Notably, it is an interesting turn considering how poorly BTC has been performing during this session in the recent weeks.
Australian Unemployment rate set to increase for second straight month
The Australian Unemployment Rate is expected to continue rising in April. Employment Change could post a modest improvement after March’s slump. AUD/USD could run past 0.6700 on an upbeat employment report.