Last week’s high: AU$1.6982
Last week’s low: AU$1.6637
Falling Fed Rate Bets Benefit Australian Dollar
The Pound hit a three-week low against the Australian Dollar towards the close of last week as consumer inflation expectations surged from 3.6% to 4.4% and boosted AUD exchange rates. Higher-risk currencies like the Australian Dollar also benefited as hopes for a third rate hike from the Federal Reserve in 2017 were dented by below-forecast US inflation data.
AUD Outlook: Neutral/Negative
The Australian Dollar could weaken on Tuesday if the minutes from the recent Reserve Bank of Australia (RBA) policy meeting show that the central bank is still taking a cautious approach to monetary policy.
02:30 Reserve Bank of Australia Rate Meeting Minutes
01:30 Australian Westpac Leading Index
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