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Home News Forex & Commodities

AUD/USD trading higher despite USD strength as commodities hold value

admin by admin
April 22, 2024
in Forex & Commodities
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  • AUD/USD trades marginally higher versus the USD on easing Middle East tensions. 
  • Higher commodity prices, especially amongst metals of which Australia exports are also supportive. 
  • Aussie CPI data for Q1 and US PCE inflation data are likely to be the main movers in the week ahead. 

AUD/USD is trading higher in the 0.6430s at the start of the week as Middle East tensions ease and commodities hold their…



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Tags: AUDUSDfundamental analysis
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