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The Aussie dollar beats all challengers this week on both positive global risk sentiment and a net positive run of Australian updates to fend of rising rate cut expectations.

Overlay of AUD Pairs: 1-Hour Forex Chart
Overlay of AUD Pairs: 1-Hour Forex Chart
AUD Weekly Performance from MarketMilk
AUD Weekly Performance from MarketMilk

Australian Headlines and Economic data

Monday:

  • With a lack of catalysts from Australia, it’s likely the positive start to the week for the Aussie was off of positive risk sentiment stemming from trade optimism and expectations of a Fed rate cut to send risk assets higher (including the Aussie) during the U.S. trading session.

Tuesday:

Wednesday:

Thursday:

Friday: