AUD/USD DIPS AMID US INFLATION REPORT, AS FED RATE CUT EXPECTATIONS RECALIBRATE... dari ia7145

15 Mar 2024, 15:49 · Views 106

AUD/USD trends lower after US inflation data prompts rethink on Federal Reserve's easing timeline.
February’s CPI report at 3.2% YoY fuels US Dollar strength, overshadowing Australian business sentiment.
Traders recalibrate rate cut expectations, with focus shifting to upcoming US retail sales data for further cues.

The Australian Dollar printed back-to-back negative days during the week against the US Dollar, courtesy of a warm inflation report in the United States (US) that justified the Federal Reserve’s stance to be patient in cutting borrowing costs. On Tuesday, the AUD/USD was down 0.11%, and as the Wednesday Asian session commences, it trades virtually unchanged at 0.6606.

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