AUD/USD Forecast: Dollar Dips as CPI Misses Forecast
US consumer prices rose 0.3% in April, down from a 0.4% increase the previous month. US retail sales fell to 0.0% from 0.7% the previous month. Wage growth in Australia…
US consumer prices rose 0.3% in April, down from a 0.4% increase the previous month. US retail sales fell to 0.0% from 0.7% the previous month. Wage growth in Australia…
The US released producer price index (PPI) data that was warmer than expected. Investors expect just 44 basis points of Fed rate cuts in 2024. UK wages minus bonuses rose…
Business activity in the Eurozone grew at a faster pace than in the US in April. The euro has lost almost 2.5 percent of its value against the dollar this…
The dollar strengthened as investors prepared for US PPI and CPI reports. There is a 50% chance that the Fed will cut in September. Economists expect US consumer inflation to…
The Canadian dollar gained on Friday after data showed Canada added 90,400 jobs. The likelihood of a June BoC cut fell to 44% after the Canadian jobs report. US data…
Investors are eagerly awaiting US inflation data. There is a 61.2% chance the Fed will cut rates in September. The Australian government expects inflation to reach the central bank's target…
US jobless claims rose to 231,000 more than expected last week. Markets are predicting two Fed taperings in 2024, with the first likely in September. Next week, the US will…
The RBA was not as hawkish as most expected. Australia recently released better-than-expected figures for Q1 inflation and employment. The dollar was weak after jobless claims jumped. AUD/USD weekly forecast…
The UK economy grew the most in almost three years in Q1. US data revealed a sharp jump in initial jobless claims to an 8-month high. Another BoE policymaker voted…
Consumer spending in Japan fell for a 13th month in March. Economists in a Reuters poll expect Japan's economy to shrink in Q1. There was an unexpected increase in initial…