🇦🇺 AUD/USD Faces a Major Test: RBA + US CPI
The Australian dollar is on a six-week winning streak, but the rally could face a key test from the RBA and upcoming US CPI data.
📊 What to watch:
🇺🇸 US CPI comes in weaker
→ Fed rate-hike expectations could fall
→ USD may weaken
→ AUD/USD could move higher 📈
🔥 US CPI comes in hotter
→ Fed tightening expectations could rise
→ USD may strengthen
→ AUD/USD could face resistance 📉
Meanwhile, softer Australian Q2 inflation has reduced expectations for a near-term RBA hike.
💡 Crypto angle:
US CPI and Fed expectations can also drive USD liquidity and risk sentiment, making the data important for BTC and the broader crypto market.
#Fed #bitcoin #BTC #crypto