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AUD/USD Weekly Forecast: Trump’s Win Supports Strong Dollar

by Forex Crunch
November 9, 2024
in Forex Analysis
Reading Time: 1 min read

Australia’s central bank kept rates unchanged, maintaining its cautious tone. Trump’s win was bullish for the dollar as his policies could increase inflation and interest rates.  The US Central Bank lowered interest rates by 25-bps. The AUD/USD weekly forecast suggests expectations for higher US inflation that might keep the dollar strong. Meanwhile, Trump’s victory already…
The post AUD/USD Weekly Forecast: Trump’s Win Supports Strong Dollar appeared first on Forex Crunch.
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