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AUD/USD weekly outlook: 4-Month high for AUD, yet resistance looms
There is little in the way of domestic data. At least in terms of anything that may be a market mover. The RBA minutes released on Tuesday are not likely to reveal much we don’t already know; the RBA may hike again if inflation were to turn higher, but for now that seems like an outside chance and rates are likely to remain at 4.35% for the rest of the year. However, with bets now on that the Fed may actually cut rates at least once this year thanks to softer CPI and NFP data (among others) and lower wages data for Australia, money markets are now trying to price in a cut this year form the RBA. Even if it remains ... (full story)