There is a significant discrepancy between three key groups that are important to traders when it comes to the future of the AUDUSD. The market appears to be pricing in a rate hike as early as next year. Analysts are insisting that it will be around mid-2023. And the RBA is saying it will happen in 2024. So, who’s right? Well, we can’t really know what will happen in the future for sure, but we can look at some of the data that could give us some insight. Retail sales might be an important indicator here. Sure, the RBA doesn’t make policy decisions based on retail sales. However, the main issue here is inflation, and ... (full story)