AUDCAD Forex News

Commodity Currencies Rise Amid Risk-appetite, USD Slides

Commodity Currencies Rise Amid Risk-appetite, USD Slides

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid risk appetite, as traders continue to express optimism about the outlook for interest rates following the recent dovish comments from some US Fed officials.
RTTNews | 11 days ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded higher amid renewed optimism about an interest rate cut by the U.S. Fed in December following the release of softer-than-expected US economic data and the recent dovish comments from US Fed officials.
RTTNews | 12 days ago
Australian Dollar Falls Amid Risk-off Mood

Australian Dollar Falls Amid Risk-off Mood

The Australian dollar weakened against other major currencies in the Asian session on Friday, as traders further scaled down their expectations for another U.S. Fed interest rate cut in December after the long-delayed U.S. jobs report for September showed an unexpected uptick in unemployment rate, with job growth far exceeded economist estimates. Concerns about an AI investment bubble and high valuations in the markets also remain.
RTTNews | 17 days ago
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.