The Aussie Dollar (AUD) continued to lose ground versus the US Dollar (USD) on Thursday following the release of US data, which sparked discussions re
AUD/USD trades down by over 1.50%, hovering around 0.6310 amidst a strengthening USD. US inflation data exceeds forecasts, with a 3.7% YoY increase, sparking discussions about the Fed's monetary policy. US jobless claims slightly ease, coming in at 209K, below the anticipated 210K. Upcoming Australian inflation expectations data could influence speculations regarding RBA's monetary policy direction. garding the US Federal Reserve monetary policy path.
Despite recent dovish rhetoric adopted by most Fed officials, which stressed the US central bank’s need to keep rates higher for longer, without warranting a signal of another rate increase. Later, the Australian economic docket will feature inflation expectations for one year, with estimates circa 4.8%. If the figure exceeds the latter, that could spark speculations that the Reserve Bank of Australia could raise rates toward the year’s end.
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