Tuesday, 25 July 2023

Australian Dollar Sinks on Benign CPI Data. Where to for AUD/USD?

The Australian Dollar ran lower immediately after headline CPI printed at 6.0% year-on-year to the end of June, taking the heat out potential hikes by the RBA. Will AUD/USD rally?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...