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It was another rough week for the Aussie, pressured by strong US data, more hawkish Fedspeak and escalating Mideast geopolitical risks. US data continued to impress with March retail sales (ex-autos and gas) rising 1.0%, materially stronger than expectations for a 0.3% gain. That, and more reserved Fedspeak around rate cut prospects, stressing patience, saw […]

The post Aussie Slips to 2024 Lows on Geopolitics appeared first on Action Forex.

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24/04/2024

US PMIs, AUD Inflation and Tesla Impact Markets

In focus today In Germany we await Ifo data for April. The current assessment of the economy remains weak, but expectations have risen lately so it will be important to follow if we finally see a turn in the assessment of the current activity. Economic and market news What happened overnight In Australia, the Q1 […]
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