AUD/USD GAINS AGAINST US DOLLAR ON FED RACE CUT SPECULATION, MIXED DATA

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  • AUD/USD edges up, buoyed by Fed's rate talk and mixed US data.
  • Fed's data-focused rate policy, strong US job market, and services data are headwinds for the US Dollar.
  • Australia's services sector gains boost AUD amid global economic uncertainties.

The Aussie Dollar posted solid gains against the US Dollar on Wednesday, boosted by falling US Treasury yields and a soft US Dollar. Federal Reserve policymakers grabbed the headlines, while US economic data was mixed, with a strong ADP report but softer PMIs. The AUD/USD trades at 0.6565, posting minimal gains of 0.02% early during Thursday’s Asian session.


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