Forex
globalreutersJuly 31, 20241 Mins read
Other Australian data: Private sector credit (June) 0.6% m/m (expected +0.4%)
globalreutersJuly 31, 20241 Mins read It was the CPI that was the focus:
- Australian Q2 core inflation +0.8% q/q (expected 1.0%)
- AUD/USD has dropped under 0.6500 after core inflation comes in lower than expected
The RBA will not raise its cash rate at the meeting next week, August 5 and 6.
*
As for the credit data, stronger on the month but weaker on the year.
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Russia deputy prime minister says oil market is balanced thanks to OPEC+
Novak had graduated from being Russia's energy minister to deputy prime minister...
EURUSD Technical Analysis – The Euro falls to the lowest level since 2022
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...
USDCHF Technical Analysis – The USD gets a bid on weak Eurozone PMIs
Fundamental OverviewOverall, we’ve seen a rangebound price action in the US Dollar...
US Dollar surges to two-year high as Eurozone PMIs disappoint
The US Dollar (USD) jumps on Friday to its highest level in...
Leave a comment