AUD: Room to appreciate amid sticky core inflation – UBS

Source Fxstreet

The Australian Dollar (AUD) should appreciate against the US Dollar (USD) and the New Zealand Dollar (NZD) amid sticky core inflation, UBS FX strategists note.

AUD to turn bullish against USD and NZD

“Following the stronger-than-expected inflation data for May, we think a robust labor report and higher quarterly CPI for the second quarter will likely lead to a rate hike by the Reserve Bank of Australia (RBA) in August. This underpins our recommendation to sell the downside price risks of AUD/USD.”

“We also see an opportunity to go long the AUD versus NZD, as the Reserve Bank of New Zealand (RBNZ) made a surprise pivot this week noting deteriorating economic activity and easing inflation.”

“We now expect the RBNZ to cut rates in August, instead of November, and believe the NZD may underperform other G10 currencies.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Cash Price Prediction: BCH hits $600, the highest level in 2025Bitcoin Cash (BCH) consolidates near $590 at the time of writing on Monday, after reaching its highest yearly level of above $600 the previous day.
Author  FXStreet
Jul 28, Mon
Bitcoin Cash (BCH) consolidates near $590 at the time of writing on Monday, after reaching its highest yearly level of above $600 the previous day.
placeholder
Gold price consolidates in $3,320-3,330 band; looks to Fed for meaningful impetusGold price (XAU/USD) seesaws between tepid gains/minor losses during the Asian session on Wednesday.
Author  FXStreet
Yesterday 07: 50
Gold price (XAU/USD) seesaws between tepid gains/minor losses during the Asian session on Wednesday.
placeholder
On-chain data showed that whales are aggressively accumulating more Bitcoin and EthereumOn-chain data showed that whales are aggressively accumulating more Bitcoin and Ethereum.
Author  Cryptopolitan
Yesterday 08: 07
On-chain data showed that whales are aggressively accumulating more Bitcoin and Ethereum.
placeholder
Strategy Unveils $2.46 Billion Bitcoin Buy, Biggest Purchase In 8 MonthsStrategy has just added to its Bitcoin buying spree with a multi-billion dollar purchase, its largest buy since November of last year. Strategy Has Bought Another 21,021 Bitcoin As announced by Strategy Chairman Michael Saylor in an X post, the company has completed a fresh Bitcoin acquisition. With this buy, Strategy has added 21,021 BTC […]
Author  Bitcoinist
8 hours ago
Strategy has just added to its Bitcoin buying spree with a multi-billion dollar purchase, its largest buy since November of last year. Strategy Has Bought Another 21,021 Bitcoin As announced by Strategy Chairman Michael Saylor in an X post, the company has completed a fresh Bitcoin acquisition. With this buy, Strategy has added 21,021 BTC […]
placeholder
Gold price defends 100-day SMA, rebounds from one-month low as USD pauses post-Fed rallyGold price (XAU/USD) gains some positive traction during the Asian session on Thursday and recovers a part of the previous day's hawkish Federal Reserve (Fed)-inspired slump to a one-month low.
Author  FXStreet
6 hours ago
Gold price (XAU/USD) gains some positive traction during the Asian session on Thursday and recovers a part of the previous day's hawkish Federal Reserve (Fed)-inspired slump to a one-month low.
goTop
quote