AUD/USD has a chance to test its YTD high of 0.6330 – BBH
Source Fxstreet
AUD/USD is trading just under its year-to-date high of 0.6330, BBH's FX analysts report.
Everything points to additional AUD/USD downside.
"The Melbourne Institute measure of inflation expectations one year out rose to 4.6% in February vs. 4.0% in January, matching its April 2024 high. RBA cash rate futures hardly budged and still imply 87% probability of a 25bps rate cut next week. Indeed, softer inflation pressures in Q4 support the case for the RBA to start easing."
"RBA/Fed policy trend and sluggish Chinese economic activity point to additional AUD/USD downside."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Bitcoin price rebounds above $70,000; Cathie Wood calls a "potential bottom" again, but the reality may differ.On Monday (February 9), Bitcoin ( BTC) price momentum has stalled, fluctuati
Related Instrument
