• AU CPI & US Core PCE Index are this week’s key headliners.
• AU CPI expected @ 2.5% y/y and US Core PCE index expected @ 0.3% m/m.
• AUDUSD is expected to continue consolidating, pivoting between 0.6226 to 0.6355.
• AUDUSD may retest the 62c level this week based on US tariff policy news.
• AUDUSD may receive brief support from the CPI data, but this will likely be temporary.
• However, AUDUSD is likely to take its cues from US trade policies and foreign governments’ responses in the medium term.
• AU CPI & US Core PCE Index are this week’s key headliners.
• AU CPI likely to come in at 2.5% y/y (prev 2.5%), a monthly indicator.
• Core PCE Index likely to come in at 0.3% m/m (prev 0.3%).
• Not expecting too much volatility based on data this week; however, we may see a temporary bounce for the AUDUSD based on these two events.
| Economic Calendar: Mon 24th March 2025 – Fri 28th March 2025 (High Impact) (AU/US) | |||||
| Day | Time (AEDT) | Event | Country | Forecast | Previous |
| Tues | 12:45am | Flash Manufacturing PMI | US | 51.9 | 52.7 |
| Flash Services PMI | US | 51.2 | 51.0 | ||
| Wed | 11:30am | CPI y/y | AU | 2.5% | 2.5% |
| Thur | 11:30pm | Final GDP q/q | US | 2.% | 2.3% |
| Unemployment Claims | US | 225K | 223K | ||
| Fri | 11:30pm | Core PCE Price Index m/m | US | 0.3% | 0.3% |
Source: forexfactory.com