• US data heavy this week with key data including US CPI, PPI & Retail Sales. • CPI & PPI are expected to remain flat at 3.1% & 0.3% respectively, with minimal impact on USD. • We expect the AUDUSD to experience medium-level volatility and range from 0.6590 to 0.6703. • AUDUSD will generally be
• Huge week in US data, key headliners include AU GDP & US Non-farm payrolls • AU GDP to expand 0.3% q/q, a drop in US employment and no change in the unemployment rate • We expect the AUDUSD to experience significant volatility and range from 0.6485 to 0.6565 • Heavy week for the AUD/USD
• Key headliners for this week include AU CPI & US PCE Index. • AU CPI is expected to increase to 3.6% y/y (+0.2%), and the US PCE Index will also increase by the same. • We expect the AUDUSD to experience significant volatility and range from 0.6560 to 0.6599. • US has a few
• Policy minutes for both AUS & US headlining this week, key commentary on rate movements. • A public holiday in the US also means thin liquidity & Wage Price Index, a key driver for AUD. • We expect the AUDUSD pair to experience medium volatility and range from 0.6467 to 0.6569. • Given the
• US CPI & AU Employment to be the key headliners this week. • A strong CPI number can result in USD weakness, and weak employment result in weak AUD • We expect the AUDUSD pair to experience medium volatility and range from 0.6482 to 0.6553. • Chinese markets are closed this week to observe
• Slightly subdued week regarding high-impact economic data with the RBA headlining. • Expect no change to the cash rate with main attention to forward guidance and speeches. • We expect the AUDUSD pair to experience low volatility and range from 0.6470 to 0.6590. • USD soared last week on the back of very strong
• Heavy duty week with NFP, US Fed Funds & AU CPI being the key headliners. • We expect the Fed Funds to keep rates steady and for AU CPI to drop materially. • We expect the AUDUSD pair to experience volatility and range from 0.6540 to 0.6610. • Heavy duty economic week this week
• Fairly lightweight week this week regarding data, nothing of material market-moving impact. • USD is expected to continue its range move this week with talks around FOMC chatter. • AUD is likely to follow the USD move due to the lack of economic events influencing the currency. • USD is expected to take the
• Retail sales & employment numbers are headlining for US & AU markets, respectively, this week. • Expecting Aussie to consolidate this week & fluctuate around the 66 ½ – 67c mark. • Not expecting much volatility, as businesses are slowly returning back from the holidays. • Expecting the Aussie/US dollar to maintain its consolidation
• AU & US CPI are key headliners this week, so expect market volatility. • The Aussie/US peaked at 0.6870 before losing strength, looking at consolidating. • We could see major volatility during the CPI releases, potentially quiet until then! • Welcome back to our first edition of the Weekly Currency Outlook for 2024! •