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AUD to USD Forecast: Aussie Dollar’s Fate Tied to Inflation and Fed Interest Rate Bets

From fxempire.com

The AUD/USD rallied 0.80% on Tuesday. Following a 0.43% gain on Monday, the Aussie Dollar ended the day at $0.64802. The Australian Dollar fell to a low of $0.64010 before striking a high of $0.64868. Housing sector numbers will draw interest this morning. Following aggressive RBA monetary policy moves to tame inflation, the housing sector could materially impact consumer sentiment and consumption. Construction work done and building permit numbers will give investors a view of real estate market conditions in an elevated interest rate environment. While the numbers will influence, inflation figures will have more ... (full story)

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  • Category: Technical Analysis