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Aussie thrown a bit of a curveball via inflation data today

AUD/USD is down 0.6% on the day to 0.6645 and it is mostly to do with the monthly inflation numbers here. That might be reason for the RBA to switch the dial on policy setting but it isn't definitive I would say. Inflation remains well above the target band set out by the central bank and there are growing worries over its persistence, something which we are seeing in the UK especially.What's troubling for the aussie at the moment is that the technicals are also corroborating with the latest dow... Read More

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Content Topics

Aussie

Thrown

Curveball

Inflation

Data

Today

Forex

Posted: Jun 28 2023, 04:23

Author Name: forexlive

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