WEEKLY CURRENCY OUTLOOK

• AU CPI & US Core PCE Price Index are the key headliners this week, indicating inflation.
• AU CPI y/y expected @ 2.9% (prev 2.8%), PCE PI m/m expected 0.2% (prev 0.3%).
• AUDUSD to continue consolidating (bullish bias), most likely pivoting between 0.6547 – 0.6668

• AUDUSD had a bit of a bearish week last week, dropping from almost 67c to 66c.

• This week is fairly quiet with 2 key headliners relating to inflation for AU & US.

• AU CPI y/y expected to come in higher @ 2.9% (prev 2.8%), +ve for AUDUSD, but -ve for rate cuts.

• PCE core index expected @ 0.2% m/m (prev 0.3%).

• Any figure that is different from the forecasted will most likely cause a spike in the market, especially the AU CPI figure.

• Also, central bank governors Bullock & Powell speak, so keep an eye on their speeches for any nuggets pertaining to future rate cuts and timings. This can also impact price if the market identifies any material information.

• Will we see AU hit back above 66c?

Economic Calendar: Mon 22nd Sept 2025 – Friday 12th Sept 2025 (High Impact) (AU/US)
Day Time(AEST) Event Country Forecast Previous
Mon 11:00am RBA Gov Bullock Speaks AU N/A N/A
Tues 11:45pm Flash Manufacturing PMI US 51.8 53.0
    Flash Services PMI US 53.8 54.5
Wed 2:35am Fed Chair Powell Speaks US N/A N/A
  11:30am CPI y/y AU 2.9% 2.8%
Thur 10:30pm Final GDP q/q US 3.3% 3.3%
    Unemployment Claims US 235K 231K
Fri 10:30pm Core PCE Price Index m/m US 0.2% 0.3%

Source: forexfactory.com

CurrenCWEEKLY CURRENCY OUTLOOK