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AUD to USD Forecast: Aussie Inflation, Job Ads, and China Stats in Focus

From fxempire.com

On Monday (June 17), Australian consumer inflation expectations and job ads will influence buyer appetite for the AUD/USD. Economists forecast consumer inflation expectations to increase from 4.1% to 4.3% in June. Upward trends in consumer inflation expectations could leave the RBA in a holding pattern in 2024. However, job ad trends could shift the inflation outlook, Economists expect ANZ-Indeed Job Ads to slide by 1.2% in May after jumping by 2.8% in April. A deteriorating Australian labor market could affect wage growth and reduce disposable income. Downward trends in disposable income could impact consumer ... (full story)

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  • Category: Fundamental Analysis