Exciting and likely volatile days ahead for the Aussie – Commerzbank – Crypto News – Crypto News
Connect with us
AUD/USD is volatile around the Powell speech, but focus is on downside while below 0.7000 AUD/USD is volatile around the Powell speech, but focus is on downside while below 0.7000

others

Exciting and likely volatile days ahead for the Aussie – Commerzbank – Crypto News

Published

2 years ago

on

Share:

Australian inflation figures – but only for November – will be released on Wednesday, January 10 at 00:30 GMT. Economists at Commerzbank analyze Aussie’s outlook ahead of the Monthly Consumer Price Index report.

Any premature interpretation of the figures should be made with caution

If the economists surveyed by Bloomberg are correct, we should see another significant drop in the monthly indicator. It would increase the likelihood that the Q4 figures will finally fall below 5%. Such a decline would certainly be a good sign for the RBA. It would mean that the rate hikes are finally having an effect. It would also increase the likelihood that we have reached the peak of interest rates with the somewhat surprising hike in November.

If the labor market remains strong next week, as it has been recently, a soft landing for the Australian economy looks increasingly likely.

However, any premature interpretation of the figures should be made with caution. The monthly figures are generally difficult to forecast. As a result, we could very well be in for a surprise. The mere fact that another rate hike by the RBA cannot be completely ruled out, unlike by other G10 central banks, makes for exciting (and likely volatile) days ahead for the Aussie.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending