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AUD/USD outlook: RBNZ, US and AU CPI to drive the Australian dollar
It could be an interesting week for the Australian dollar if caught between the crossfire of the RBNZ meeting, Fed talk and US inflation data. We also have an Australian inflation report to throw into the mix for good measure. On one hand the RBNZ may provide a more hawkish statement given the pickup of economic data and underlying inflationary forces, and on the other traders also have to keep an eye on a key US inflation report and several Fed members hitting the wires. When there are so many competing forces, the odds of choppy trading conditions, false moves and sharp reversals tend to increase. Unless the ... (full story)
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- Feb 25, 2024 10:56pm Feb 25, 2024 10:56pm
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DonFF - | Commercial Member | Joined Nov 2014 | 1972 Comments
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- Posted: Feb 25, 2024 9:30pm
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 3,386
