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Home News Australia

Australian Dollar consolidates after intraday gains amid subdued US Dollar

NEWSROOM by NEWSROOM
February 19, 2024
in Australia
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  • Australian Dollar gains ground on the weaker US Dollar on Monday.
  • Australia’s ASX 200 index rises on higher mining stocks.
  • US Dollar loses ground after dovish comments from the former Fed official James Bullard.
  • Upbeat US PPI data increased the market bias of no rate cut by the Fed in March.

The Australian Dollar (AUD) starts the week by continuing its four-day winning streak on Monday. The US Dollar (USD) gained support from Friday’s release of better-than-anticipated Producer Price Index (PPI) data from the United States. However, gains were tempered by dovish remarks from…



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