China's rapid growth in the service sector PMI in November, accelerating to 51.5, has only had a minor impact on the AUD/USD when compared to economic data from Australia.
Simultaneously, the Federal Reserve's (Fed) projections are expected to slightly strengthen the US dollar (USD). Conversely, investors anticipate that the Reserve Bank of Australia (RBA) will maintain interest rates temporarily, but the RBA has commented that there might be potential future rate hikes to bring inflation back to target.
Investors have received information on the US composite service sector PMI, US Treasury yields' increase in confidence, and the RBA's interest rate stability. These factors provide investors with short-term profit opportunities in the market.
Source: Fxstreet
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