DECLINE possible for AUDUSD
Australian dollar-US dollar could move down in the next few days given buyers' possibly excessive enthusiasm after the RBA's hike earlier this week. Inflows of capital to Australian and American bonds are also possibly driving the movement by AUDUSD. While balance of trade from Australia this week is somewhat important, the primary focus of traders is on next week's inflation from the USA and of course the Fed's statement and press conference on Wednesday the 14th.
Read EXNESS Broker Review June 8, 2023 at 03:46PM Exness
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