AUD to USD Forecast: Can Falling Aussie Confidence Delay RBA Rate Hike?
==========
Australian consumer sentiment figures will be released on June 25. A decline in consumer confidence could impact consumer spending and inflationary pressures, potentially delaying an RBA rate hike. The Westpac Consumer Confidence Index is forecasted to fall by 0.1% to 82.0 in June. A larger-than-expected decline could ease fears of a rate hike. In May, the index fell by 0.3% to 82.2. The Australian CPI Monthly Indicator is expected to increase from 3.6% to 3.8% in May, which could support an RBA rate hike. US CB Consumer Confidence Index will also be released on June 25. Economists forecast a decline from 102.0 to 100.0 in June. A larger-than-expected decline may support expectations of a September Fed rate cut. FOMC member commentary on inflation and interest rate cuts should be monitored. Near-term AUD/USD trends will depend on inflation numbers. Rising threats of an RBA rate hike and expectations of a Fed rate cut could move AUD/USD toward $0.70.
#Aud/usd #RbaRateHike #ConsumerConfidence #Inflation #FedRateCut
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-can-falling-aussie-confidence-delay-rba-rate-hike-1440863
FX Empire /
npub1lj…9zjdc
2024-06-25 01:13:14
Author Public Key
npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-06-25 01:13:14Event JSON
{
"id": "287cd4684e96492f452f8007f27f3001106aef8551e4b0d5c58184d14dc89634",
"pubkey": "fcb622de40d5acedd3eb0271a685c522fbfbae69f4101a8fd46818b8014e1160",
"created_at": 1719277994,
"kind": 1,
"tags": [],
"content": "AUD to USD Forecast: Can Falling Aussie Confidence Delay RBA Rate Hike?\n==========\n\nAustralian consumer sentiment figures will be released on June 25. A decline in consumer confidence could impact consumer spending and inflationary pressures, potentially delaying an RBA rate hike. The Westpac Consumer Confidence Index is forecasted to fall by 0.1% to 82.0 in June. A larger-than-expected decline could ease fears of a rate hike. In May, the index fell by 0.3% to 82.2. The Australian CPI Monthly Indicator is expected to increase from 3.6% to 3.8% in May, which could support an RBA rate hike. US CB Consumer Confidence Index will also be released on June 25. Economists forecast a decline from 102.0 to 100.0 in June. A larger-than-expected decline may support expectations of a September Fed rate cut. FOMC member commentary on inflation and interest rate cuts should be monitored. Near-term AUD/USD trends will depend on inflation numbers. Rising threats of an RBA rate hike and expectations of a Fed rate cut could move AUD/USD toward $0.70.\n\n#Aud/usd #RbaRateHike #ConsumerConfidence #Inflation #FedRateCut\n\nhttps://www.fxempire.com/forecasts/article/aud-to-usd-forecast-can-falling-aussie-confidence-delay-rba-rate-hike-1440863",
"sig": "2c26b29bc9e6021b28d2a622a721ad902469067c5925e17121ee7ab5432a6c77dd218df7c1a16f90659debf2b645a252085283431e60f1219e5c72141ef58405"
}