{"id":107254,"date":"2020-12-16T08:38:07","date_gmt":"2020-12-16T08:38:07","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107254"},"modified":"2020-12-16T08:38:57","modified_gmt":"2020-12-16T08:38:57","slug":"105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\/","title":{"rendered":"Australian Economic Numbers and US Stimulus Lift AUD\/USD"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">US stimulus talks signal hope.<\/span><\/li>\n<li><span style=\"font-weight: 400\">USD weakness helps the Aussie exchange rate to strengthen.<\/span><\/li>\n<li><span style=\"font-weight: 400\">AUD\/USD might move higher.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">US equities traded higher yesterday backed by fiscal stimulus hopes and vaccine headlines; S&amp;P 500 rose 1.35 Percent while the 10-year Treasury yield advanced above 0.90 Percent.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The US lawmakers are reportedly edging closer to an economic-stimulus agreement. Still, a key challenge remains with the Friday deadline when the current arrangement for providing support to the millions of unemployed Americans will expire unless a stimulus bill becomes a reality.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Senator leader Mitch McConnell said that the lawmakers have to stay back without a holiday break unless a stimulus bill is passed. The US sees a continued rise in the coronavirus cases and hospitalisations, yet the risk-on bulls are focusing on the vaccine headlines.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Australia&#8217;s IHS Markit data indicated healthy economic activity in December with both services and manufacturing PMIs rising from the earlier month. AUD is trading at a new multi-year high against the USD.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the week ahead, Australia will release November labour market data with an expected slower pace of 50k-rise in jobs compared to the previous month&#8217;s 178.8k gains. The total unemployment is likely to stay at 7 Percent as earlier.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The US Fed might not change the current interest rate of 0.25 Percent, but traders will eye the tone surrounding the forward guidance, balance sheet and quantitative measures.<\/span><\/p>\n<p><span style=\"font-weight: 400\">AUD\/ USD gains were also assisted by the USD weakness triggered by stimulus headlines. The pair is facing some resistance around 0.76. The daily RSI is edging lower, suggesting a short-term pullback, but broad strength in the pair signals further movement higher even though Tuesday&#8217;s daily close was below Monday&#8217;s high.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US stimulus talks signal hope. USD weakness helps the Aussie exchange rate to strengthen. AUD\/USD might move higher. US equities traded higher yesterday backed by fiscal stimulus hopes and vaccine headlines; S&amp;P 500 rose 1.35 Percent while the 10-year Treasury yield advanced above 0.90 Percent. The US lawmakers are reportedly edging closer to an economic-stimulus [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":3609,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379],"tags":[2415,3373,1408],"class_list":["post-107254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","tag-aud-usd","tag-coronavirus-cases","tag-fed"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australian Economic Numbers and US Stimulus Lift AUD\/USD - 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\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Australian Economic Numbers and US Stimulus Lift AUD\\\/USD\",\"datePublished\":\"2020-12-16T08:38:07+00:00\",\"dateModified\":\"2020-12-16T08:38:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100048-gbp-aud-tory-lead-poll-falls.jpg\",\"keywords\":[\"aud\\\/usd\",\"coronavirus cases\",\"fed\"],\"articleSection\":[\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105052-australian-economic-numbers-and-us-stimulus-lift-aud-usd\\\/\",\"name\":\"Australian Economic Numbers and US Stimulus Lift AUD\\\/USD - 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