{"id":107899,"date":"2021-01-20T16:48:39","date_gmt":"2021-01-20T16:48:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107899"},"modified":"2021-01-20T16:48:39","modified_gmt":"2021-01-20T16:48:39","slug":"105269-aud-usd-shrugs-off-falling-westpac-confidence","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105269-aud-usd-shrugs-off-falling-westpac-confidence\/","title":{"rendered":"AUD\/USD Shrugs Off Falling Westpac Confidence"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">All major US indices closed in the green on Tuesday, the first day of trading after the long weekend break. Strong earnings stimulus hopes, and vaccination distribution news boosted risk sentiment. Gold pushed beyond\u00a0 1840 lifted by a weak US Dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US Treasury Secretary nominee Janet Yellen in her confirmation hearing before the Senate Finance Committee stressed the need for further stimulus to support the economy. Ms. Yellen urged lawmakers to act big given the\u00a0 historically low-interest rates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The need for stimulus comes as US Covid deaths rise above 4000,000.Even so, markets appear more focused on the post-Covid recovery and Biden\u2019s pledge to ramp up the vaccination distribution..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Asia-Pacific markets trades mixed after Hong Kong\u2019s Hang Seng Index (HSI) hit fresh multi-month highs and China\u2019s Shanghai Composite declined by 0.83%, unnerved by a rise in covid cases in China.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Australian Dollar is advancing versus the\u00a0 broadly weaker US Dollar after dropping near its January low earlier this week. The Westpac Consumer Confidence report revealed, a 4.5% drop from the prior month. While Australian consumers remain generally upbeat recent Covid clusters, border closures, and foreign Covid outbreaks weighed on sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Aussie-Dollar was unmoved by the report. The survey\u2019s Unemployment Expectations Index also pointed to a worsening outlook.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All major US indices closed in the green on Tuesday, the first day of trading after the long weekend break. Strong earnings stimulus hopes, and vaccination distribution news boosted risk sentiment. Gold pushed beyond\u00a0 1840 lifted by a weak US Dollar. US Treasury Secretary nominee Janet Yellen in her confirmation hearing before the Senate Finance [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,3318],"class_list":["post-107899","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-usd","tag-aud","tag-usd-aud-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD Shrugs Off Falling Westpac Confidence - 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\/105269-aud-usd-shrugs-off-falling-westpac-confidence\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105269-aud-usd-shrugs-off-falling-westpac-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105269-aud-usd-shrugs-off-falling-westpac-confidence\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD Shrugs Off Falling Westpac Confidence\",\"datePublished\":\"2021-01-20T16:48:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105269-aud-usd-shrugs-off-falling-westpac-confidence\\\/\"},\"wordCount\":217,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105269-aud-usd-shrugs-off-falling-westpac-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"keywords\":[\"aud\",\"USD AUD\\\/USD\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105269-aud-usd-shrugs-off-falling-westpac-confidence\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105269-aud-usd-shrugs-off-falling-westpac-confidence\\\/\",\"name\":\"AUD\\\/USD Shrugs Off Falling Westpac Confidence - 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