The US central bank implemented its first rate cut on Wednesday, sinking the dollar. Australia’s employment figures showed faster-than-expected job growth. Market participants will focus on the Reserve Bank of Australia monetary policy meeting. The AUD/USD weekly forecast supports more upside for the Aussie due to a policy divergence between the Fed and the RBA....
The Fed cut rates by 50-bps, starting its easing cycle with a bang. Canada’s inflation eased more than expected on a monthly basis. Retail sales in Canada jumped, showing solid consumer spending. The USD/CAD weekly forecast shows a slow decline as the Fed follows the Bank of Canada in lowering borrowing costs. Ups and downs...
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