Logo-color Logo-white

The AUD/USD pair rose to 0.6650 on Wednesday following the release of Australian economic data. Australia’s consumer price index (CPI) accelerated to 3.6% year-on-year in April, up from 3.5% in March. This slight increase in inflation could prompt questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions. Despite the uptick in inflation, […]

The post Australian Dollar Hits 0.6650 Amid Mixed Economic Signals appeared first on Action Forex.

previous

WTI Oil: On Track for a Potential Recovery After 2-month of 12% Decline

next

Australia’s Inflation Ticking Up Despite Weak Retail Sales

Read More

30/05/2024

German Inflation Pushes Rates Higher

In focus today In the euro area, we receive data on the unemployment rate in April. The labour market is still historically strong, and employment grew 0.3% q/q in Q1. We expect the unemployment rate remained unchanged at 6.5%. In the euro area, we will also look out for Spanish inflation which will give a […]
21/02/2024

Canada: Inflation Sees Some Welcomed Cooling in January

Headline CPI inflation cooled more than expected in January, stepping down half a point to 2.9% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key part of lower inflation, with gasoline prices down 4% versus a year ago. But even ex-gasoline headline CPI inflation slowed from 3.5% y/y in December to 3.2% […]
21/12/2023

Cracks

We start feeling the cracks in market optimism: the bonds extended their rally yesterday after the inflation data in Britain surprised to the downside, but major US indices saw a sharp retreat. A 12% plunge in FedEx – which acts like a gauge of economic activity, the overbought market conditions in major global stock indices […]