EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: AUD/USD Falls After US GDP Data Reveals Persistent Price Pressures =============== ...
AUD/USD Falls After US GDP Data Reveals Persistent Price Pressures
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#acbb1c95 ver:0.59
#AUDUSD falls below 0.6500 as US GDP data reveals persistent price pressures, indicating high inflation in the US economy. This may lead to the Fed keeping interest rates higher for longer, attracting foreign capital. Probability of a first rate cut now at 58.2% in September 2024. #RBA less likely to cut rates in the near-term due to better-than-expected CPI data. RBA expected to be the last major G10 central bank to cut rates, with rate cut predicted in November by Rabobank. Some analysts now expect first rate cut in February 2025....
#newstr #Aud/usd #UsGdpData #InterestRates
https://here.news/story/acbb1c95?ver=0.59
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#acbb1c95 ver:0.59
#AUDUSD falls below 0.6500 as US GDP data reveals persistent price pressures, indicating high inflation in the US economy. This may lead to the Fed keeping interest rates higher for longer, attracting foreign capital. Probability of a first rate cut now at 58.2% in September 2024. #RBA less likely to cut rates in the near-term due to better-than-expected CPI data. RBA expected to be the last major G10 central bank to cut rates, with rate cut predicted in November by Rabobank. Some analysts now expect first rate cut in February 2025....
#newstr #Aud/usd #UsGdpData #InterestRates
https://here.news/story/acbb1c95?ver=0.59