AUD/USD retreats from session highs, clings to modest gains above 0.7300

AUD/USD retreats from session highs, clings to modest gains above 0.7300

After dropping to its lowest level since late August at 0.7273 on Thursday, the AUD/USD stayed relatively quiet during the Asian trading hours on Friday but managed to stage a rebound in the early European session. Nevertheless, the pair lost its recovery momentum near 0.7320 and erased a portion of its daily gains. As of writing, the pair was still up 0.22% on the day at 0.7305.

DXY rally loses steam on Friday

Rising US Treasury bond yields and the upbeat Retail Sales data, which showed an unexpected increase in August, provided a boost to the greenback on Thursday. Later in the session, the University of Michigan will release the preliminary Consumer Sentiment Index data for September. Investors expect a modest improvement to 72.2 from 70.3 in August. 

The market reaction to Retail Sales data suggests that a better-than-expected consumer confidence report could help the USD end the week on a strong note, forcing AUD/USD to turn south and vice versa.

In the meantime, US stock index futures are down 0.2% on the day. In case Wall Street's main indexes remain on the back foot ahead of the weekend, the USD is likely to continue to outperform its risk-sensitive rivals.


Many efforts are made to send and provide the best accurate tools. However, SignalsHome™ cannot guarantee methods and provided tools. The examples, articles, videos and guides shown on this website should not be referred to as a promise. The potential and results are entirely depended on the user. A lot of factors are included in your success in trading. The tools shouldn’t be referred to as a guaranteed success, not in any point. There is no guarantee that you can replicate the success that shown on this website. When you trade - any amount of capital is at risk. Moreover, Any form of trading complies to different rules and regulations in different countries. SignalsHome™ is not responsible in any way for your communication with other instruments. The responsibility of trading and compliance to local laws and rules applies solely on the user and on the company that provides him for trading. All the information displayed on our website, including the tools, is based solely on AI opinion. We should not be referred as an investing or finance advisors.

© 2021 SignalsHome. All Rights Reserved.