Forex
globalreutersNovember 27, 20241 Mins read
AUD/USD bounces after Australian trimmed mean CPI data, Fed rate-cut bets
globalreutersNovember 27, 20241 Mins read AUD/USD bounces within a prolonged downtrend to trade in the 0.6870s on Wednesday after the release of Australian inflation data fails to change the widespread view that the Reserve Bank of Australia (RBA) will keep its “arms folded” at the next meeting, leaving its cash rate unchanged at a comparatively high 4.35%.
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