CPI figures from the United States revealed a 0.1% reduction last month. There’s more speculation that the Federal Reserve will scale back its rate hikes. Financial markets factored in a 25 basis point rate increase at the next Fed meeting. Today’s AUD/USD price analysis is bullish. The dollar fell versus the Australian dollar following data … Continued
The post AUD/USD Price Analysis: Aussie Rallies on Easing US Inflation appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- GBP/USD Price Fades Spike Above 1.23 After BoE’s 25-bps Hike - March 23, 2023
- USD/CAD Outlook: Fed Raises Rates, But Signals Looming Pause - March 23, 2023
- EUR/USD Forecast: Euro Soars as Fed Nears End of Hike Cycle - March 23, 2023
