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AUD/USD Weekly Forecast: US Data Dims Fed’s Move in Nov

by Forex Crunch
October 12, 2024
in Forex Analysis
Reading Time: 1 min read

The US CPI number came in higher than expected, showing increased price pressure. Wholesale inflation missed forecasts, weakening the dollar.  The US will release retail sales figures showing consumer spending. The AUD/USD weekly forecast shows a bearish tilt amid strong dollar as US data diminishes hopes for a Fed’s rate cut in November. Ups and…
The post AUD/USD Weekly Forecast: US Data Dims Fed’s Move in Nov appeared first on Forex Crunch.
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