𝗡𝗲𝘄 𝘄𝗲𝗲𝗸 – 𝗻𝗲𝘄 𝗲𝘃𝗲𝗻𝘁𝘀:
AUD Cash Rate – June 7, 07:30 MT time
EUR monetary policy statement – June 9, 14:45 MT time
USD CPI – June 10, 15:30 MT time
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy. The bigger-than-forecast reading will do good for the currency. A surprise rate hike will propel AUDUSD. Conversely, if the RBA is cautious and doesn’t hint at the upcoming rate increases, the AUD will move down.
The European central bank will make a monetary policy statement at the ECB press conference. If the ECB statement is more hawkish than forecasted, EURUSD will likely rise. In a more dovish situation, EURUSD will likely fall.
The US Bureau of Labor Statistics will release CPI and core CPI on Friday. Last time, CPI was 0.3% against the expected 0.2%, and core CPI was 0.6% vs 0.4% forecasted. If the US CPI exceeds the forecast, USD may strengthen against other currencies. Otherwise, it will drop.
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