澳元/美元

AUD/USD extends its decline on Friday, trading around 0.6775, down 0.43% on the day at the time of writing. The Australian Dollar (AUD) remains under pressure against the US Dollar (USD), as rising US Treasury yields reduce investors' appetite for risk-sensitive currencies.

The Australian Dollar (AUD) extends its losing spree against the US Dollar (USD) on Friday, trading 0.15% lower at around 0.6795 in the European trade.

Derek Halpenny, Head of Research at MUFG, argues the Australian Dollar’s (AUD) earlier support from pre-emptive Reserve Bank of Australia (RBA) tightening is fading as markets see limited scope for further hikes while repricing additional Fed moves.

The AUD/USD pair extends the decline to near 0.6785 during the early European trading hours on Friday. Growing bets of a half-point Federal Reserve (Fed) rate hike provide some support to the US Dollar (USD) against the Australian Dollar (AUD).

The AUD/USD pair edges higher to around 0.6915 during the early Asian session on Friday. However, the potential upside for the pair might be limited amid a hawkish stance from the US Federal Reserve (Fed). The US October Producer Price Index (PPI) data will be published later on Friday.

The Australian Dollar extended its losses against the US Dollar on Thursday, down 0.67% even though US jobs data was slightly softer than expected, but the hawkish camp at the Federal Reserve (Fed) provided a lifeline to the Greenback, which reached 19-month highs.