• Key headliners for this week include AU CPI & US PCE Index. • AU CPI is expected to increase to 3.6% y/y (+0.2%), and the US PCE Index will also increase by the same. • We expect the AUDUSD to experience significant volatility and range from 0.6560 to 0.6599. • US has a few
• Policy minutes for both AUS & US headlining this week, key commentary on rate movements. • A public holiday in the US also means thin liquidity & Wage Price Index, a key driver for AUD. • We expect the AUDUSD pair to experience medium volatility and range from 0.6467 to 0.6569. • Given the
• US CPI & AU Employment to be the key headliners this week. • A strong CPI number can result in USD weakness, and weak employment result in weak AUD • We expect the AUDUSD pair to experience medium volatility and range from 0.6482 to 0.6553. • Chinese markets are closed this week to observe
• Slightly subdued week regarding high-impact economic data with the RBA headlining. • Expect no change to the cash rate with main attention to forward guidance and speeches. • We expect the AUDUSD pair to experience low volatility and range from 0.6470 to 0.6590. • USD soared last week on the back of very strong
• Heavy duty week with NFP, US Fed Funds & AU CPI being the key headliners. • We expect the Fed Funds to keep rates steady and for AU CPI to drop materially. • We expect the AUDUSD pair to experience volatility and range from 0.6540 to 0.6610. • Heavy duty economic week this week
• Fairly lightweight week this week regarding data, nothing of material market-moving impact. • USD is expected to continue its range move this week with talks around FOMC chatter. • AUD is likely to follow the USD move due to the lack of economic events influencing the currency. • USD is expected to take the
• Retail sales & employment numbers are headlining for US & AU markets, respectively, this week. • Expecting Aussie to consolidate this week & fluctuate around the 66 ½ – 67c mark. • Not expecting much volatility, as businesses are slowly returning back from the holidays. • Expecting the Aussie/US dollar to maintain its consolidation
• AU & US CPI are key headliners this week, so expect market volatility. • The Aussie/US peaked at 0.6870 before losing strength, looking at consolidating. • We could see major volatility during the CPI releases, potentially quiet until then! • Welcome back to our first edition of the Weekly Currency Outlook for 2024! •
• Few key events this week leading up to Xmas/NY; however nothing of material impact to price. • The Aussie/US had a stellar week last week, gaining 1.5cents now sitting at 67c. • Could expect to see the USD recover some of the losses, as volatility/liquidity thins. • AU Monetary Policy minutes are released this
Summary • Super heavy data for AU & US markets this week with FOMC, CPI/PPI & Employment headlining. • Aussie is currently under bearish pressure, sitting under 66c, after a strong bearish move last week. • Expecting the AUDUSD to range between 0.6500 and 0.6670 this week on technical analysis. • The Australian Labour Force,