Australian Dollar supported by RBA policy decision expectations, despite weaker PMI data.
The Australian Dollar (AUD) is supported by expectations surrounding the Reserve Bank of Australia's (RBA) policy decision, despite weaker PMI data. The RBA is likely to maintain the Official Cash Rate at 4.35%. While August's employment change was lower than previous months, it exceeded forecasts. Technical analysis indicates potential movement for the AUD/USD pair, with market focus on the RBA's upcoming meeting and U.S. economic indicators.
September 22, 2024
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