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May 12 - 11:55 PM

AUD/USD - US Inflation Fears, Lower Australia GDP Forecast Weigh

By Krishna K  —  May 12 - 09:45 PM
  • AUD/USD -0.15% in Asia as U.S. consumer inflation expectations stay elevated

  • Fed officials mull whether rates high enough as inflation expectations jump

  • Australia government optimistic on inflation, cuts 2024/25 GDP forecast

  • Traders cautious ahead of week's risk events; U.S. inflation, AU jobs eyed

  • Australia budget Tue, wages data Wed key for AU inflation expectations

  • Higher-for-longer RBA rate stance likely to limit AUD downside

  • Support 0.6585-90,0.6560 resistance 0.6625-30, 0.6650

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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