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The Australian dollar edged down on Wednesday as investors awaited a closely watched Fed rate decision. Currencies held tight ranges in thinned Asia trade, with a slew of major central bank decisions still on deck. Consumer prices surged in Q1, marking its highest level in more than two years, while

The foreign exchange market, also known as the Forex market or the FX market, is also one of the global markets that witnesses a trading volume of almost $6.6 trillion every day. Foreign exchange refers to exchanging one currency trading with another for different reasons that include tourism, inter

AUD - Australian Dollar The Australian Dollar finished Friday evening below the 73 US cent handle as equity markets in the United States plunged once again into their third successive week of losses. Driven by a weakness in tech stocks, The AUD/USD fell from a high of 0.7324 midway through the North

This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday raised the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months and its third c

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

AUD/USD is currently testing a major resistance zone near 0.7180–0.7200, where price has begun to show rejection after a sharp bullish rally. This behavior suggests selling pressure at higher levels, indicating that the pair may consolidate or retrace before the next directional move. 📊 Market Over