AUDUSD fell to the lowest in ten months on Thursday, remaining under increased pressure from strengthening US dollar, driven by hotter than expected US inflation in October and more hawkish tones from Fed policymakers. The pair remains in steep downtrend from 0.7067 (Oct 29 lower top), interrupted by brief corrections that lasted one day each, […]
The post AUDUSD Falls to 10-Month Low, Sees Potential for Further Weakness appeared first on ActionForex.
New Zealand’s BNZ–BusinessNZ PMI Manufacturing eased from 56.3 to 54.9 in October, indicating a moderation in the pace of expansion while manufacturing activity continued to grow. Production declined from 56.6 to 53.9, while new orders Read more…
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Chicago Fed President Austan Goolsbee warned that the Federal Reserve is at a “precarious moment” as inflation proves more persistent than expected, with price pressures spreading beyond tariffs and energy into services and healthcare. Speaking Read more…