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AUD/USD Outlook: RBA Lowers Growth Expectations as Inflation Soars

Started by forex4you, Nov 05, 2022, 03:11 am

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Nov 05, 2022, 03:11 am
AUD/USD Outlook: RBA Lowers Growth Expectations as Inflation Soars

Aussie is pushing lower due to dollar strength. The RBA reduced the forecast for economic growth in Australia. Australia’s central bank expects inflation to peak at 8% from a previous forecast of 7.75%. Today’s AUD/USD outlook is bearish as the dollar extends Thursday’s gains. The pair is also losing ground as investors digest the RBA’s … Continued


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