Australia’s CPI showed cooler-than-expected underlying price pressures. Business activity in the US manufacturing sector plunged to an 8-month low. US nonfarm payrolls missed forecasts. The AUD/USD weekly forecast points south after Australia’s inflation figures increased expectations for Reserve Bank of Australia rate cuts. Ups and downs of AUD/USD The AUD/USD pair had a bearish week,…
The post AUD/USD Weekly Forecast: RBA Cut Odds Rise Amid Cooling CPI appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/JPY Outlook: Super-Sized Fed Rate Cut Bets Reemerge - September 13, 2024
- Gold Price Analysis: Eying $2,600 Amid Probable 50-bps Cut - September 13, 2024
- GBP/USD Forecast: Stubborn US Core Inflation Lifts Dollar - September 12, 2024