Inflation expectation is creeping higher in Australia.
Currently, Core CPI is at 1.60, CPI Housing Utilities is increasing, the inflation rate is currently 1.7 and up 0.1 from September.
With the US CPI coming out today better than expected but less than the previous reading traders have sold the US dollar.
The likelihood is that the Fed keeps interest rates as they are today at the FOMC meeting but narrow the gap between the US and Australian rates in the early part of 2020.
The AUDUSD has started to create higher highs and higher lows and this could continue if the trade war news and tariffs, in general, don't cause any further global economic damage.
Currently, Core CPI is at 1.60, CPI Housing Utilities is increasing, the inflation rate is currently 1.7 and up 0.1 from September.
With the US CPI coming out today better than expected but less than the previous reading traders have sold the US dollar.
The likelihood is that the Fed keeps interest rates as they are today at the FOMC meeting but narrow the gap between the US and Australian rates in the early part of 2020.
The AUDUSD has started to create higher highs and higher lows and this could continue if the trade war news and tariffs, in general, don't cause any further global economic damage.
Trade closed: target reached:
News out of Washington is bullish the USD due to the tariffs that are due to be imposed on China and the US are seemingly being averted.
We had a day of bullishness for AUDUSD but best to take profits here
We had a day of bullishness for AUDUSD but best to take profits here
