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#Historical currency converter oanda full

Opinions are the authors not necessarily that of OANDA Business Information & Services, Inc. It is not investment advice or a solution to buy or sell securities.

0.6772 and 0.6682 are providing supportĬontent is for general information purposes only.

AUD/USD put pressure on resistance at 0.6878 earlier.

There is a possibility that the Fed’s rate-tightening cycle is finally over, but that will depend on economic data, particularly employment and inflation reports in the coming months. The Fed is widely expected to raise rates at the July meeting but the positive inflation data has also raised the likelihood of a pause at the September meeting. The inflation numbers were good, but likely not good enough to convince the Fed to pause at the July 27th meeting. Both readings were lower than the forecast and point to inflation continuing to move in the right direction. Headline inflation fell from 4.0% y/y to 3.0%, and critically, the core rate dropped to 4.8%, down from 5.3%. US inflation dropped lower than the estimate and that sent the US dollar broadly lower on Wednesday.

#Historical currency converter oanda full

Lowe said that the full effects of high rates were yet to be felt and it remained to be seen if more hikes would be required.

The speech dealt with RBA policy but any investors looking for insights into rate policy walked away disappointed. High inflation expectations can translate into inflation rising, which would force the RBA to continue raising interest rates. The Melbourne Institute Inflation Expectations for July were unchanged at 5.2% and a notch higher than the consensus estimate of 5.1%. Inflation remains the Reserve Bank of Australia’s number one priority and Thursday’s inflation expectations release vindicated the RBA’s concern that inflation expectations are well anchored. In the European session, AUD/USD is trading at 0.6857, close to a 3-week high.Īustralian inflation expectations remain high The Australian dollar continues to sizzle and has climbed 1.04% on Thursday, after rising 1.56% a day earlier. RBA inflation expectations remain at 5.2%.Australian dollar continues to power higher.