AUD Declines: Overview for January 31, 2024

<div><img width="360" height="360" src="×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="AUD/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD/USD</a> pair faced downward pressure, resulting in a decline.</p>

<p>On Wednesday, the Australian dollar, in tandem with the US dollar, experienced a decrease. The current exchange rate for AUD/USD is at 0.6567.</p>

<p><a href="" data-internallinksmanager029f6b8e52c="220" title="Inflation">Inflation</a> data in Australia has strengthened market expectations of an imminent <a href="" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> reduction. The consumer price index in Q4 fell to 4.1% year-over-year, down from the previous 5.4%. On a quarterly basis, the indicator only rose by 0.6%, falling short of the anticipated 0.8% and the previous increase of 1.2%.</p>

<p>Both the weighted median <a href="" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a> for the quarter and the trimmed-mean CPI have seen decreases, which is considered positive news for the Reserve Bank of Australia but has led to a negative impact on the Australian dollar.</p>

<p>The market sentiment regarding the central bank rates outlook is shifting, with the rate now anticipated to be reduced by June. Investors are assessing this probability at 70%, compared to 50% just a week ago.</p>

<p>The current interest rate set by the Reserve Bank of Australia stands at 4.35% per annum.</p>

<a href="">Open Trading Account</a></p><p>The post <a href="">AUD Declines: Overview for January 31, 2024</a> appeared first at <a href="">R Blog – RoboForex</a>.</p>

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