Banco de México (Banxico) is projected to continue its easing cycle next week, despite the latest inflation reports in Mexico suggesting that risks are tilted to the upside. Inflation in May came above the bank’s 3% target, increasing concerns that the central bank would continue to reduce rates.
The AUD/USD pair ticks up to near 0.6490 during European trading hours on Friday. The Aussie pair oscillates inside the Thursday’s trading range, while investors await the decision from the United States (US) about whether it will directly involve in the week-long aerial war between Israel and Iran.
According to the US Senate Intelligence Committee Chair, US President Donald Trump said that he will give Iran the last chance to make a deal to end its nuclear program. Trump added that he would delay his final decision on launching strikes for up to two weeks.