AUD USD Moves Toward 0 6220 After CPI Data
Following the decent CPI results in November, AUD USD is trending toward 06220. If these favorable results are reflected in the quarterly data this will cover Q4 2024 October November and December it could prompt further interest in upcoming rate decisions by the Reserve Bank of Australia. Currently the market favors April for a potential 25 basis point rate cut instead of May. Investors continue to evaluate the implications of these developments on their strategies moving forward.
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