Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects

Australian Dollar’s misery continues today, firstly pressured by Q3 inflation data that showed encouraging progress on disinflation. This development has strengthened the case for RBA to keep interest rates unchanged at 4.35% in its upcoming meeting next week. More importantly, a rate cut in February now appears more probable than ever. While there are some […] The post Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects appeared first on Action Forex.

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Nov 4, 2024 - 01:42
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Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects

Australian Dollar’s misery continues today, firstly pressured by Q3 inflation data that showed encouraging progress on disinflation. This development has strengthened the case for RBA to keep interest rates unchanged at 4.35% in its upcoming meeting next week. More importantly, a rate cut in February now appears more probable than ever. While there are some […]

The post Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects appeared first on Action Forex.

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