{"id":229930,"date":"2024-01-15T22:55:12","date_gmt":"2024-01-15T17:25:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=229930"},"modified":"2024-01-15T22:55:12","modified_gmt":"2024-01-15T17:25:12","slug":"aud-usd-falls-amid-sour-sentiment-pboc-rate-decision-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/aud-usd-falls-amid-sour-sentiment-pboc-rate-decision-crypto-news\/","title":{"rendered":"AUD\/USD falls amid sour sentiment, PBoC rate decision &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>AUD\/USD drop influenced by a surprise PBoC rate hold decision amid thin liquidity conditions on the US market holiday.<\/strong><\/li>\n<li><strong>Mixed economic data throughout January could prevent the RBA from raising rates in the near term.<\/strong><\/li>\n<li><strong>The pair is at the mercy of Aussie\u2019s economic data, along with US NY Empires State Index and Fed\u2019s Waller speech.<\/strong><\/li>\n<\/ul>\n<p>The Aussie Dollar (AUD) dropped during the North American session by some 0.42% against the US Dollar (USD) due to sentiment deterioration and low volume conditions, as the financial markets in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">United States<\/a> (US) remained closed on Martin Luther King (MLK) holiday. The AUD\/USD trades at 0.6655 after hitting a high of 0.6705.<\/p>\n<h2 class=\"fxs_headline_medium\">AUD\/USD driven by risk aversion at the beginning of the week<\/h2>\n<p>AUD\/USD was hurt by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/risk-appetite\">risk appetite<\/a> as well as the People\u2019s Bank of China (PBoC) keeping rates unchanged at 2.50%, coughing traders off guard, even though China\u2019s economy crawls to grow at the levels expected by China\u2019s President Xi Jinping.<\/p>\n<p>Meanwhile, economic conditions in Australia continued to be challenging, as most of its PMIs remained in contractionary territory despite a slight improvement. Further data was positive, with Retail Sales exceeding the forecast of 1.2%, coming at 2% on January 6, adding to inflationary pressures, which were dissipated by the latest report. On January 9, the Australian Bureau of Statistics (ABS) revealed that headline inflation hit 4.3%, diving for the third straight month, which could deter the Reserve Bank of Australia (RBA) from hiking <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a>.<\/p>\n<p>Ahead of the week, Australia\u2019s economic docket will feature Westpac Consumer Confidence alongside housing data release. On the US front, the calendar would feature the NY Empire State Manufacturing Index on Tuesday, along with the Federal Reserve Governor Christoper Waller&#8217;s speech.<\/p>\n<h2 class=\"fxs_headline_medium\">AUD\/USD Price Analysis: Technical outlook<\/h2>\n<p>The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> portrays the pair as neutral to upward biased, but in the last week, it has been trading sideways, unable to gather direction. If buyers lift the AUD\/USD past the first resistance seen at 0.6700, they will face the next ceiling at the January 12 high of 0.6727. Once hurdled, the next stop would be the January 5 high of 0.6747, ahead of 0.6800. on the flip side, downside risks remain at the January 5 low of 0.6640, followed by the 0.6600 threshold.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638409340808338896.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: AUD\/USD drop influenced by a surprise PBoC rate hold decision amid thin liquidity conditions on the US market holiday. Mixed economic data throughout January could prevent the RBA from raising rates in the near term. The pair is at the mercy of Aussie\u2019s economic data, along with US NY Empires State Index and Fed\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[377,201,248,251,246,257,276,2321,255,250,252,247,253,249,308,256,254],"class_list":["post-229930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audusd","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-fundamental-analysis","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=229930"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229930\/revisions"}],"predecessor-version":[{"id":229931,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/229930\/revisions\/229931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5840"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=229930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=229930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=229930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}