Aussie fell victim. Forecast as of 10.01.2024

Revision of market forecasts for the fate of the Fed funds rate and RBA's cash rate led to the AUDUSD correction. However, the Aussie has other advantages. Let us discuss this topic and make up a trading plan.

Weekly Australian dollar fundamental forecast

Major banks were keen to claim that the AUDUSD correction was caused by a slowdown in Australian inflation and a decrease in the possibility of the RBA monetary tightening. In fact, the main reason was the market's reassessment of the Fed funds rate. The chances of a decline in March fell from 88% to less than 60%, and the US dollar had… Read full author’s opinion and review in blog of #LiteFinance