Fundamental analysis
27 May, 2022
During most of European trade, the Australian dollar strengthened further against the US dollar. The first reading of the US GDP for the first quarter, showed a gloomier picture of the state of the US economy. In addition, the day before yesterday's notes from the last meeting of the Fed showed a slightly milder hawkish tone, which was reflected in a milder withdrawal of the US currency. Yields on US long-term bonds are in decline. At around 13:45, the Australian dollar was exchanged for 0.7143 US dollars, which represents a strengthening of the Aussie by 0.66% since the beginning of trading last night. At 14:30, the personal consumption (inflation) index (PCE) will be published in the USA in April, which follows the Fed in conducting its monetary policy.