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AUD/USD hits a 6 month high with USD lower across the majors board

2024-12-30FOREXLIVEFOREXLIVE
AUD in favour due to interest rates divergence, and looking like more to come

The USD id dribbling lower. Apaprt from what has ben posted there are no obvious fresh catalysts. Markets are super-pumped to see a lower US CPI later today and a potential nearer-term USFed rate cut. Whether the CPI behaves or not, time will tell.

The Australian dollar has been a key beneficiary. The RBA look to be on hold for longer, and even maybe, just maybe, will hike again. Yesterday we had signals from the Reserve Bank of New Zealand that rate cuts are coming.

AUD/JPY has been a beast, of course.

audjpy 11 July 2024 2

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