𝗛𝗲𝗿𝗲 𝗰𝗼𝗺𝗲 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘂𝗽𝗱𝗮𝘁𝗲𝘀:
AUD Cash Rate – July 05, 07:30 MT time
USD FOMC Minutes – July 6, 21:00 MT time
USD NFP – July 8, 15:30 MT time
High energy and commodity prices pull the Asia-Pacific region inflation up. The RBA is planning to raise the interest rate again. If the actual numbers are bigger than the forecast, and the RBA is optimistic about the country’s economy, AUD will rise.
The consumer price index rose 8.6% in May compared to last year, the highest level since December ‘81. Even if we know the Fed Funds rate decision results, some insights can help us understand the Fed’s future policy. If the record uncovers more Fed’s hints on policy tightening, USD will go up.
The US Bureau of Labor Statistics will state average hourly earnings, nonfarm payroll, and the unemployment rate. If NFP is higher than expected, USD will rise. Lower NFP will pull USD down. The unemployment rate is the opposite: the lower, the better for the US dollar.
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