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AUDUSD Technical Analysis

The miss in the US CPI report caused a heavy depreciation in the US Dollar as the market saw the Fed done with the tightening soon. In fact, the market priced out the hawkish expectations for futures rate hikes but kept the July hike chances unchanged as the labour market remains tight and the Fed speakers didn’t hint to any skip or pause following the CPI release. The RBA kept its cash rate unchanged with the usual hawkish comments and the promise of doing more if the data suggests so. They rep... Read More

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Audusd

Technical

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Forex

Posted: Jul 14 2023, 09:14

Author Name: forexlive

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