The AUD/USD outlook improves as the RBA is expected to hold rates after hotter inflation data, reducing bets on near-term cuts. The US Dollar weakens on expectations of a Fed rate cut and risks of a government shutdown. The RBA’s decision on Tuesday and the US political standoff set the stage for heightened volatility ahead….
The post AUD/USD Outlook: Gains on RBA Pause, US Shutdown Risks appeared first on Forex Crunch.
The AUD/USD forecast shows an uptrend as a strengthened AUD moves against a weaker US dollar amid tight RBA policy and US shutdown optimism. The US Senate advances a government funding bill to end the Federal government shutdown. Traders await commentary from FOMC members Musalem and Daly for further policy cues. The AUD/USD forecast suggests……
The GBP/USD weekly forecast remains tilted to the upside amid a weaker dollar. Softer US macro data and aggressive Fed easing could keep the pound bulls alive. BoE’s imminent rate cut could cap the upside. The GBP/USD price closed last week on a firm footing, marking a weekly gain of more than 1% and closing……
The AUD/USD outlook shows a strong uptrend driven by a boosted Aussie and a steady greenback. The ABS revealed 4.3% unemployment in October, exceeding forecasts of 4.4%, down from September’s 4.5%. Traders await commentary from FOMC officials for further policy cues. The AUD/USD outlook shows a strong bullish momentum as the pair trades near 0.6570,……
The EUR/USD price attempted a recovery above 1.1600 amid a weakening US dollar. Prolonged geopolitical instability could accelerate the dollar and weigh on the euro. Traders look forward to comments from FOMC members for insight about the policy cues and economic outlook. The EUR/USD forecast highlights an effort to find acceptance above 1.1600 amid expectations……
The USD/CAD weekly forecast indicates likely pauses from the Fed and BoC. The dollar collapsed against most of its peers amid optimism about trade deals. Data revealed that US unemployment claims fell for the second week. The USD/CAD weekly forecast indicates that traders are gearing up for a pause by the Fed and the Bank……
AUD/USD forecast remains up as the pair climbs near 0.6630 amid stronger-than-expected Australian CPI data. The Fed remains cautious on rate cuts, with Powell stressing inflation risks, while Bowman advocates for faster easing to protect the labor market. The RBA is seen as more hawkish than the Fed, with Barclays forecasting the AUD/USD to break……
