#2000 aud to usd series

This information has been prepared by IG, a trading name of IG Markets Limited. Failing to do so may see the pair retain its consolidation pattern, potentially with a move back towards the 0.636 level. A move above this level remains crucial to mark a break of its long-ranging pattern since August this year, which could allow the pair to head towards the 0.674 level next.

The AUD/USD struggled to retain its initial gain in the aftermath of the labour data, as the key 0.651 level of resistance continues to be tested. Today’s economic calendar saw a significantly larger-than-expected gain in Australia’s employment (55,000 versus 20,000 consensus), but unemployment rate still ticked higher to 3.7% from previous 3.6%, potentially as a result of increased labour supply. Chinese equities tracked the broader region in the red, with the Hang Seng Index down 1.4%. Eyes on the political front were on the high-level talks between President Biden and President Xi, with the former indicating the meeting as making ‘real progress’, but that failed to provide much of an uplift for risk sentiments the way it should. Further downside will likely challenge its November low at the 79.26 level for a lower low, with any failure to hold likely to pave the way towards the 75.00 level next.Īsian stocks are in for a weaker start, with Nikkei -0.55%, ASX -0.37%, Hang Seng Index -1.02% and KOSPI -0.16% at the time of writing, as the risk rally took a breather. Its weekly relative strength index (RSI) has moved back below its key 50 level as a sign of sellers in control, as prices failed to cross above its weekly Ichimoku cloud resistance.

#2000 aud to usd series

Ahead, a series of economic data ranging from jobless claims, industrial production and housing market index remain on close watch to gauge the moderation in US economic activities.Īside, Brent crude prices continue to struggle at its previous support-turned-resistance at the 82.50 level with a 2.3% down-move following a larger-than-expected rise in US crude inventories.

But on the other hand, more resilient consumer spending as reflected in the retail sales (-0.1% month-on-month versus -0.3% consensus) called for some recalibration in rate-cut expectations. On one hand, US producer prices continue to mirror the downside surprise in US CPI this week and validated further rate hold from the Federal Reserve (Fed).

The US two-year yields were up 7.6 basis-point (bp), while the US 10-year yields crossed above the 4.50% handle – a potential reaction to stronger-than-expected US retail sales. The AUD banknotes are also printed in different lengths in order to make denomination differentiation easier.The rally in Wall Street took a breather overnight, as Treasury yields attempted to recover following its post- consumer price index (CPI) sell-off. This polymer is more durable and allows for more advance security features than does its paper counterpart. Unique attributes of the AUD are that the banknotes are printed on polymer as opposed to paper which is the traditional stock for currency banknotes. The AUD is the fifth most traded currency in worldwide currency markets.

The coins are issued in 5¢, 10¢, 20¢, 50¢, $1, $2 increments and the banknotes are printed in $5, $10, $20, $50, $100 denominations. The AUD is symbolized with the '$' symbol and each dollar is subdivided into 100 cents. One year History About Australian Dollar (AUD)The Australian dollar (AUD) is the official currency of the Commonwealth of Australia as well as 7 territories and 3 surrounding countries.