Previous Close | 0.6960 |
Open | 0.6961 |
Bid | 0.6968 |
Day's Range | 0.6957 - 0.6972 |
52 Week Range | 0.6176 - 0.7661 |
Ask | 0.6963 |
The Australian dollar has rallied a bit during the trading session on Tuesday, as we have touched the 50-Day EMA.
The U.S. dollar slipped lower in early European trade Tuesday, consolidating after recent gains ahead of a key speech from Fed Chair Jerome Powell, while the Australian dollar surged after the Reserve Bank hiked interest rates. The index is pausing for breath after its rally in the wake of Friday’s strong employment report, which prompted traders to raise their forecasts of how high Federal Reserve interest rate levels will need to rise in order to tame inflation. Attention is now turning to a speech by Federal Reserve Chairman Jerome Powell at the Economic Club of Washington later on Tuesday.