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AUD/USD STAND FIRM ABOVE 0.6500 WITH MARKETS BRACING FOR AUSSIE PPI, US INFLATION

guntur360
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  • AUD/USD steady after a 0.33% gain Thursday, spurred by US GDP and rising inflation.
  • Market now expects the first Fed rate cut in November, not September, based on latest economic data.
  • Investors eye upcoming Australia PPI and US Core PCE figures for more market direction.

The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518, virtually unchanged.


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