WEEKLY CURRENCY OUTLOOK

• 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

CurrenCWEEKLY CURRENCY OUTLOOK