Will the Aussie be patient enough? Forecast as of 25.10.2023

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Accelerating inflation in Australia suggests another interest rate hike. The Reserve Bank may become the only major regulator to resume the cycle of monetary tightening. How will this affect the Australian dollar? Let us discuss the Forex outlook and make up an AUDUSD trading plan.

Weekly Australian dollar fundamental analysis

Forewarned is forearmed. When the new governor of the Reserve Bank of Australia, Michele Bullock, said that the regulator has no patience for accelerating inflation, and the phrase about low tolerance appeared in the minutes of the RBA October meeting, traders were alerted. After a pause of four consecutive meetings,… Read full author’s opinion and review in blog of #LiteFinance

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