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AUD/USD weekly outlook: A grizzly month for a bruised Aussie
Australia’s Q2 inflation report on Wednesday is the key domestic event next week. While producer prices are released on Friday, markets would likely have decided already whether the RBA will hike again in August, based on the CPI data alone. Firm employment and rising monthly inflation data have kept the RBA’s hawkish tone in their statement, although bets of multiple Fed cuts and a slightly dovish RBNZ have alleviated the pressure of any RBA action. Although a hot set of inflation figures could quickly change things and see markets reprice a potential hike. Still, there is hope with NZ inflation data coming in ... (full story)
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- Posted: Jul 28, 2024 6:40pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,454
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