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Aussie the only notable mover as we get into European morning trade

AUD/USD is up 0.3% on the day to 0.6375 but is off its earlier highs near 0.6400. The aussie is the only notable mover so far, climbing after the stronger Australian CPI data here. That is seeing traders price in higher odds of a RBA rate hike next month, with it sitting at ~58% now. That being said, AUD/USD is still caught in a downwards channel at the moment so the overall picture has not changed:Buyers will need to break above 0.6400 and more preferably the 0.6500 mark to really put on a sque... Read More

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Aussie

Only

Notable

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European

Morning

Trade

Forex

Posted: Oct 25 2023, 06:45

Author Name: forexlive

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