
Australian Dollar Outlook: AUD/USD Bears Eye March Low as US CPI Looms
Australian Dollar Outlook: AUD/USD Bears Eye March Low as US CPI Looms
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Australian Dollar Outlook: AUD/USD Bears Eye March Low as US CPI Looms

Euro net-shorts hit an 11-year extreme as the US dollar rebounds. COT positioning reveals growing pressure on sterling and commodity currencies.

A sharp equity-led selloff has driven AUD/USD toward critical June-low support, with strong NFP data adding pressure ahead of next week’s U.S. CPI.

The US dollar has found some mild amid the tech rout in recent days, most visibly against risk sensitive and commodity dollars. Today, we have so far seen a bit of a recovery in global indices from their overnight lows. Investors will be watching the markets to see whether fresh losses will be on the again once Wall Street gets going. Ahead of that, we have just seen the release of the October US non-farm payrolls report – and it was much stronger at 165K than expected.

AUD/USD struggles despite a weaker US dollar and falling Treasury yields, as Democratic sweep expectations fuel volatility and Wall Street risk aversion.

Aussie bulls face a critical test of rising trend support, with the October recovery under threat as selling pressure builds into November.

The RBA hikes rates to 4.85%, but a split vote and softer forward guidance weigh on AUD/USD despite sharply higher inflation forecasts.

Major forex pairs lack conviction, but FX crosses may offer better opportunities. Matt Simpson examines forex, gold and crude oil markets.

AUD/USD faces a pivotal week as an expected RBA hike, US midterm elections and nonfarm payrolls test the Australian dollar's recovery.

Australia's inflation problem extends well beyond energy, with markets now pricing further RBA hikes into 2027. So why has AUD/USD reversed sharply after its initial surge?

Australian CPI and rate decisions from the RBNZ, BoC and Fed put AUD, NZD and CAD to the test, with inflation surprises and policy guidance in focus.

As the trading week progresses, a cautious tone is becoming increasingly evident around the Australian dollar. This can be observed in the recent performance of AUD/USD, where price action has remained largely unchanged over the last three trading sessions, recording a move of barely 0.1%. This behavior highlights a clear lack of direction within the market.

Aussie and Kiwi have gone remarkably quiet ahead of Australian inflation data and RBNZ decision. With substantial tightening priced and both events capable of generating major FX swings, Wednesday could deliver a volatility eruption in the antipodes.
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