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Australian dollar surrenders gains from stronger CPI data earlier

Evidently, not even improved odds of a RBA rate hike can turn the tide in negative sentiment in the aussie currently. AUD/USD was up to a high near 0.6400 in Asia but has turned flat now to 0.6357 and erasing all of the jump after the CPI data earlier today.The downside channel as highlighted here earlier is still keeping sellers interested, even with RBA rate hike odds for next month sitting at ~58% currently. This article was written by Justin Low at www.forexlive.com... Read More

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Content Topics

Australian

Dollar

Surrenders

Gains

From

Stronger

Data

Earlier

Forex

Posted: Oct 25 2023, 08:28

Author Name: forexlive

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