Note

AUD/USD STEADY AMID GLOBAL MARKET HOLIDAY. AWAITS US PCE DATA

· Views 17



  • AUD/USD stands still with the market awaiting the US Core PCE inflation figures and personal spending insights.
  • Forecasts suggest a slight slowdown in Core PCE inflation for February, with personal income and spending data also in focus.
  • Australian economic indicators hint at a cooling economy, increasing speculation on RBA's future rate decisions.

The Aussie Dollar remains subdued against the US Dollar on Friday due to thin liquidity conditions in the observance of Good Friday. A busy economic docket in the United States (US) might entertain Forex market traders with the release of the Personal Consumption Expenditures (PCE) price index and Federal Reserve officials' speeches. The AUD/USD trades at 0.6513, virtually unchanged.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.