AUD/USD Outlook: Aussie Rebounds on Positive Housing Data
House prices in Australia rose in August, continuing an established upward trend. Investors estimate a 78% chance of an RBA cut in December. Experts predict an improvement in the US…
House prices in Australia rose in August, continuing an established upward trend. Investors estimate a 78% chance of an RBA cut in December. Experts predict an improvement in the US…
Market focus shifted from inflation to US employment data. US PCE data revealed an expected increase of 0.2%. Eurozone services inflation remained high, dampening bets on an ECB rate cut.…
The Canadian dollar strengthened due to rising oil prices. American consumer confidence rose and the economy expanded faster than expected. The Canadian economy did not show expansion, missing expectations for…
The US economy remains resilient despite high interest rates. The data raised the likelihood of a gradual Fed rate cut cycle. Inflation in the Eurozone decreased from 2.6% to 2.2%,…
The pound remains one of the top performing currencies against the US dollar. The Fed is more willing to cut borrowing costs than the Bank of England. US GDP data…
The core US PCE price index will show whether price pressures are falling fast enough to warrant a 50 basis point rate cut. US GDP increased by 3.0% in the…
The price of gold is consolidating after last week's recovery. If US PCE misses forecasts, investors will expect a more dovish Fed. Middle East tensions supported gold on Thursday. The…
Tensions in the Middle East have investors rushing for dollars. Incoming data may change expectations about the size of the Fed's rate cut. ECB policymakers are poised to start cutting…
The market's focus is squarely on the prospect of rate cuts in the US and the UK. The UK economy is doing better than expected, boosting the pound. The US…
Australia released data showing inflation slowed to a four-month low in July. Investors reduced the likelihood of a November RBA rate cut from 58% to 48.4%. Market participants look forward…