US EditionAUD/USD Under Bearish Pressure - ActionForex
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AUD/USD Under Bearish Pressure - ActionForex
As indicated by the AUD/USD chart, the Australian dollar has fallen below the 0.6680 level today, with the decline from Wednesday’s high (A) exceeding 1.1%. Key bearish drivers include: → Declining inflation expectations. Data released on Wednesday showed a sharp slowdown in Australian inflation to 3.4%. This has removed the likelihood of a February rate […] The post AUD/USD Under Bearish Pressure appeared first on ActionForex.
AUD/USD Is Under Bearish Pressure
As indicated by the AUD/USD chart, the Australian dollar has fallen below the 0.6680 level today, with the decline from Wednesday’s high (A) exceeding 1.1%.Key bearish drivers include:→ Declining inflation expectations. Data released on Wednesday showed a sharp slowdown in Australian inflation to 3.4%. This has removed the likelihood of a February rate hike by the Reserve Bank of Australia, which had previously maintained a hawkish stance.→ Unce…
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