AUD/USD HOLDS STEADILY AS TRADERS ANTICIPATE AUSTRALIAN RETAIL SALES, FED’S DECISION

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  • AUD/USD advances on improved risk sentiment and the impact of Japanese intervention on the US Dollar.
  • US economic data shows a slight decline in the Dallas Fed Manufacturing Index.
  • The Federal Reserve’s is expected to maintain current interest rates on May 1.
  • Upcoming Australian Retail Sales and China's PMI data could further influence AUD/USD movements.

The Aussie Dollar registered solid gains against the US Dollar on Monday, edged up by 0.55% on an improvement in risk appetite, while the Greenback was crushed by Japanese authorities' intervention. As Tuesday’s Asian session begins, the AUD/USD trades at 0.6564, virtually unchanged.


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