• AU bank holiday (King’s Birthday) + US CPI / PPI making headlines this week!
• US CPI expected 2.5% y/y (prev 2.3%) & US PPI expected 0.2% m/m (prev -0.5%).
• AUDUSD to continue consolidating with bullish bias, pivoting between 0.6435 and 0.6544.
• AUDUSD is likely to remain between 64c and 65c.
• There are no major AUD events, aside from the public holiday on Monday, but the US has CPI & PPI, which are critical in determining interest rate direction.
• AUDUSD will likely take cues from USD this week.
• US CPI expected @ 2.5% y/y (prev 2.3%), slight increase in inflation, meaning reasons to maintain the current rate rather than cut.
• US PPI expected 0.2% m/m (prev -0.5%), which is significantly better than last month’s read.
• Tariffs are starting to flow through to businesses, and major retailers have started to increase their pricing to accommodate these new tariffs. This may lead to higher inflation.
• AUDUSD still remains bullish this week!
| Economic Calendar: Mon 9th June 2025 – Friday 13th June 2025 (High Impact) (AU/US) | |||||
| Day | Time(AEST) | Event | Country | Forecast | Previous |
| Mon | All Day | Bank holiday (King’s Birthday) | AU | N/A | N/A |
| Wed | 10:30pm | Core CPI m/m | US | 0.3% | 0.2% |
| CPI m/m | US | 0.2% | 0.2% | ||
| CPI y/y | US | 2.5% | 2.3% | ||
| Thurs | 10:30pm | Core PPI m/m | US | 0.3% | -0.4% |
| PPI m/m | US | 0.2% | -0.5% | ||
| Unemployment Claims | US | 242K | 247K | ||
| Sat | 12:00am | Prelim UoM Consumer Sentiment | US | 53.5 | 52.2 |
| Prelim UoM Inflation Expectations | US | TBC | 6.6% | ||
Source: forexfactory.com