AUD/USD Forecast: Surprising Job Growth Triggers Rally
Employment in Australia rose by 58,200 in July. The probability of an RBA rate cut in November fell from 55% to 45%. The US dollar was on the back foot…
Employment in Australia rose by 58,200 in July. The probability of an RBA rate cut in November fell from 55% to 45%. The US dollar was on the back foot…
The data shows that the UK economy grew by 0.6% in Q2. Markets now see a 25 basis point Fed rate cut as more likely. Investors await the US retail…
The dollar weakened after data showed PPI rose less than 0.1% in July. The probability of a 50 basis point Fed rate cut in September rose from 50% to 53.5%.…
The consumer price index in Great Britain rose by 2.2 percent less than expected in July. UK services inflation rose 5.2% in July after increasing 5.7% in the previous month.…
The UK unemployment rate fell from 4.4% in May to 4.2% in June. After the UK jobs report, investors cut the likelihood of a September BoE cut from 38% to…
In Q2, wages in Australia rose slowly over the year. Employment in Australia rose, leading to improved business conditions in July. Traders are on edge, awaiting US figures on wholesale…
U.S. jobless claims data showed a bigger-than-expected drop on Thursday. Investors expect the Fed to cut borrowing costs by 100 basis points this year. Economists expect US inflation to remain…
The outlook for the Australian economy and inflation will depend on the data. RBA forecasts show that inflation will only reach the target of 2-3% at the end of 2025.…
Expectations of a Fed rate cut put pressure on the dollar. The Canadian dollar had a strong week as oil prices rose. Investors await US inflation data. The USD/CAD weekly…
US service sector PMI data showed expansion. US jobless claims fell, pointing to a still tight labor market. The pound fell as markets mulled the Bank of England's first interest…