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club Felene

AUD/USD Price Analysis: Cooling Inflation Weighs on Aussie

by Forex Crunch
October 30, 2024
in Forex Analysis
Reading Time: 1 min read

Inflation in Australia eased to an over 3-year low in the third quarter. RBA rate cut bets fell to reflect a 24% likelihood of a cut in December. US consumer confidence rose more than expected. The AUD/USD price analysis supports a downtrend as easing price pressures in Australia put downward pressure on the Aussie. However,…
The post AUD/USD Price Analysis: Cooling Inflation Weighs on Aussie appeared first on Forex Crunch.
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