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AUD to USD Forecast: China Stimulus and US Manufacturing in Focus

From fxempire.com

The AUD/USD declined by 0.17% on Friday. Reversing a 0.11% gain from Thursday, the Australian dollar ended the session at $0.65737. The Australian dollar rose to a high of $0.65805 before falling to a low of $0.65704. This week, Q4 inflation numbers from Australia could influence the RBA interest rate decision on February 6. The inflation numbers are out on Wednesday. Economists forecast the annual inflation rate to soften from 5.4% to 4.3% in Q4. Hotter-than-expected inflation numbers could raise bets on an RBA rate cut next week. In December, the RBA considered raising interest rates before deciding to review ... (full story)

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  • Category: Technical Analysis