Australian Dollar futures rallied for a fourth consecutive session, climbing 1.46% since the November 21 cycle lows. Prices reclaimed the 200-day moving average as persistent inflation keeps the Reserve Bank of Australia restrictive. Headline and core inflation remain above the target band, delaying potential rate cuts. Additionally, a weaker U.S. dollar and strength in copper prices provided tailwinds, reinforcing the currency's status as a proxy for global commodity demand.
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#australiandollar #forex #futures
Learn More: https://www.cmegroup.com/markets/fx.html
#australiandollar #forex #futures