Australian Dollar advances as hawkish RBA Minutes meet firmer US confidence data

Australian Dollar advances as hawkish RBA Minutes meet firmer US confidence data

AUD/USD trades higher near 0.6915 on Tuesday as investors digest the latest Reserve Bank of Australia (RBA) Meeting Minutes and a modest improvement in United States (US) Consumer Confidence. The Australian Dollar (AUD) found some support from the RBA’s hawkish tone, although the US Dollar (USD) remained neutral after falling partially due to end-of-quarter profit-taking. […]

Upside risks linger as recovery questioned – ING

Upside risks linger as recovery questioned – ING

ING strategists Michiel Tukker and Benjamin Schroeder note that Oil has returned to pre-war levels but argue the market is overly optimistic about the speed and durability of the supply recovery. They highlight an unstable balance between demand, physical buying and strategic reserves, and stress that second-round inflation risks and Oil’s future trajectory will only […]