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Australian Dollar stuck near 0.6300 as PCE data fails to shift sentiment

Summary by The New York Ledger
AUD/USD trades sideways around the 0.6300 location after the United States PCE report provided no significant surprises. Fed stays mindful; tariff issues and inflation outlook continue to control market attention. Bearish pressure continues technically, with signs revealing resistance near short-term moving averages. The Australian Dollar (AUD) stays directionless throughout Friday’s American session, with AUD/USD hovering around the 0.6300 zone…
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The New York LedgerThe New York Ledger

Australian Dollar stuck near 0.6300 as PCE data fails to shift sentiment

AUD/USD trades sideways around the 0.6300 location after the United States PCE report provided no significant surprises. Fed stays mindful; tariff issues and inflation outlook continue to control market attention. Bearish pressure continues technically, with signs revealing resistance near short-term moving averages. The Australian Dollar (AUD) stays directionless throughout Friday’s American session, with AUD/USD hovering around the 0.6300 zone…

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Mish Talk - Global Economic Trend AnalysisMish Talk - Global Economic Trend Analysis

Hot PCE Inflation Data and Weak Spending Sure to Give the Fed Headaches

There was no good new on inflation ore spending in recent data.

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Mish Talk - Global Economic Trend Analysis broke the news in on Saturday, March 29, 2025.
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