{"id":101502,"date":"2020-06-26T10:51:35","date_gmt":"2020-06-26T14:51:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101502"},"modified":"2020-06-26T10:51:35","modified_gmt":"2020-06-26T14:51:35","slug":"103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/","title":{"rendered":"AUD\/USD: Aussie Slips But On Track For Weekly Gain"},"content":{"rendered":"<ul>\n<li><strong>Rising new covid-19 cases raise fears of lockdown measures being re-imposed<\/strong><\/li>\n<li><strong>40,000 new daily cases in US, Texas halts reopening plans<\/strong><\/li>\n<li><strong>US consumer confidence &amp; personal spending miss forecasts, adding to downbeat tone<\/strong><\/li>\n<li><strong>Australian Dollar US Dollar exchange rate (AUD\/USD) set to gain 0.15% across the week<\/strong><\/li>\n<\/ul>\n<p>The Australian Dollar is falling lower versus the US Dollar, paring gains from the previous session.<\/p>\n<p>At 14:15 UTC, AUD\/USD is trading -0.4% at US$0.6850. The is at the lower end of the daily traded range as a resurgence in new coronavirus cases in the US threatens to halt progress in the reopening of the US economy.<\/p>\n<p>Risk aversion is dominating the US session, with riskier assets, such as equities, and riskier currencies, such as the Aussie Dollar, slipping lower.<\/p>\n<p>The US recorded an all-time daily high of 40,000 covid-19 cases on Thursday, with a recent surge in California, Florida and Texas leading the way. Texas has halted its aggressive reopening plan in order to bring infections and hospitalisations back under control. Investors fear that this could happen in other states knocking the fragile economic recovery off course.<\/p>\n<p>Rising cases aren&#8217;t just occurring in the US, parts of Europe, and Australia are also experiencing climbing infections, unnerving investors.\u00a0 The markets have remained relatively buoyant despite lingering concerns and this is because the overriding assumption is that the Fed will ramp up assistance if the economy starts to crack.<\/p>\n<p>There was no Australian data released today, leaving the currency to be driven by sentiment.<\/p>\n<p>US domestic data added to the downbeat tone. US personal spending underwhelmed, rebounding by 8.2%, less than the 9% jump forecast. This was still a sharp increase on April\u2019s record -12.6% drop.<\/p>\n<p>US consumer confidence also came in short of expectations at 78.1 in June, missing forecasts of 79. Whilst this is only a slight difference it is an extremely important one. Confident consumers spend more money, which is essential for the US economy to recover quickly. A nervous consumer is unlikely to spend so freely and will hold back the economic rebound leading to a more drawn-out recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising new covid-19 cases raise fears of lockdown measures being re-imposed 40,000 new daily cases in US, Texas halts reopening plans US consumer confidence &amp; personal spending miss forecasts, adding to downbeat tone Australian Dollar US Dollar exchange rate (AUD\/USD) set to gain 0.15% across the week The Australian Dollar is falling lower versus the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,1541,1435,2811,1398],"class_list":{"0":"post-101502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-australian-dollar","11":"tag-consumer-confidence","12":"tag-personal-spending","13":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD: Aussie Slips But On Track For Weekly Gain - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD: Aussie Slips But On Track For Weekly Gain\",\"datePublished\":\"2020-06-26T14:51:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/\"},\"wordCount\":354,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"keywords\":[\"aud\",\"australian dollar\",\"consumer confidence\",\"personal spending\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/\",\"name\":\"AUD\\\/USD: Aussie Slips But On Track For Weekly Gain - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"datePublished\":\"2020-06-26T14:51:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"width\":800,\"height\":405,\"caption\":\"australian-dollar-coin - AUD\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AUD\\\/USD: Aussie Slips But On Track For Weekly Gain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AUD\/USD: Aussie Slips But On Track For Weekly Gain - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"AUD\/USD: Aussie Slips But On Track For Weekly Gain","datePublished":"2020-06-26T14:51:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/"},"wordCount":354,"image":{"@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","keywords":["aud","australian dollar","consumer confidence","personal spending","usd"],"articleSection":["AUD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/","url":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/","name":"AUD\/USD: Aussie Slips But On Track For Weekly Gain - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","datePublished":"2020-06-26T14:51:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","width":800,"height":405,"caption":"australian-dollar-coin - AUD"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103496-aud-usd-aussie-slips-but-on-track-for-weekly-gain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"AUD\/USD: Aussie Slips But On Track For Weekly Gain"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100028-aud-up-gbp-china-silk-road.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=101502"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101502\/revisions"}],"predecessor-version":[{"id":101503,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101502\/revisions\/101503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3089"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}