Send Payments Weekly trading update! 27th May 2024

In The News Today! 🌏

– Market Conditions and what to look out for this week 🗓️

Australian Dollar Performance:

The Australian Dollar (AUD) gained ground due to risk-on sentiment following softer UoM 5-year Inflation Expectations reported on Friday.

Australian equities rose above 7,770, buoyed by gains on Wall Street.

The AUD extends its gains against the US Dollar (USD) for the second consecutive session on Monday, driven by improved market risk appetite despite diminishing expectations for Federal Reserve interest rate cuts.