AUD/USD solid, meandering around 0.6800 ahead of the RBA's decision – by christianborjon AUDUSD Majors RBA CentralBanks Inflation
are trading in the red. Factors like Europe’s energy crisis, alongside high inflation, added to the risks of a global economy.
The AUD/USD opened the week near the session’s lows, around 0.6770s, but edged higher and exchanging hands around the 0.6800 figure at the time of writing. Last Friday’s US employment report exceeded estimates, but downward revisions on the previous two months, easied expectations of a Federal Reserve 75 bps rate hike.
came at 315K vs. 298K estimated, while the unemployment rate was 3.7%. That said, Federal Funds futures lost 3.7 bps on Friday, to 63.9 bps to tightening, right in the middle of 50-75 bps.AUD/USD to edge higher on the RBA 50 bps hike expectedby 50 bps as they continue to fight to tame inflation. Analysts at TD Securities forecast a 50 bps rate hike on the thesis that the labor market remains tight, a solid consumer spending, and price pressures spread wide.
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