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AUD/USD: Aussie Dollar Falls Further on Australian May CPI Well Below Expectations

AUD/USD: Aussie Dollar Falls Further on Australian May CPI Well Below Expectations
Australian dollar accelerated lower and hit three-week low in early Wednesday’s trading, signaling continuation of larger downtrend which paused in past two days. Strong decrease in Australian inflation (May 5.6% vs 6.1% f/c; Apr 6.8%) reduces possibilities for another rate hike in the policy meeting next week, making the Aussie dollar less attractive for investors. […] The post AUD/USD: Aussie Dollar Falls Further on Australian May CPI Well Below Expectations appeared first on Action Forex... Read More
Posted: Jun 28 2023, 12:09
Author Name: actionforex
Views: 111520

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