WEEKLY CURRENCY OUTLOOK

• US Govt still shutdown, US CPI and Flash PMI the key headliners, No major AU events this week.
• GOLD @ ALL TIME HIGHS! US CPI expected @ 0.4% m/m & 3.1% y/y (prev 2.9%).
• AUDUSD back in consolidation (bearish bias), pivoting between 0.6444 & 0.6536.

• WHAT IS HAPPENING WITH GOLD RIGHT NOW?!

• US Govt still in shutdown, almost 3 weeks in a row!

• Meanwhile, GOLD hitting ALL TIME HIGHS and causing major queues at gold shops as customers are rushing to buy more.

• US CPI is the key headliner this week with an expected reading of 0.4% m/m & 3.1% y/y (prev 2.9%). This is viewed as +ve for the USD, -ve for AUD.

• No major AU events this week, so AUDUSD will largely be driven by weekly flows and US CPI.

• AUDUSD is a commodity currency and is known to be positively correlated with gold prices, so that may also have an impact on the overall direction.

• With no major events impacting this week, will the AUD hang around 65, or head back lower?

Economic Calendar: Mon 20th October 2025 – Friday 24th October 2025 (High Impact) (AU/US)
Day Time(AEST) Event Country Forecast Previous
Fri 11:30pm Core CPI m/m US 0.3% 0.3%
CPI m/m US 0.4% 0.4%
CPI y/y US 3.1% 2.9%
Sat 12:45am Flash Manufacturing PMI US 51.9 52.0
Flash Services PMI US 53.5 54.2

Source: forexfactory.com

CurrenCWEEKLY CURRENCY OUTLOOK