The Australian Dollar (AUD) appreciates for the fourth successive day on Friday.
The Australia n Dollar extends gains as persistently high inflation prompts the RBA to delay rate cuts. RBA’s Meeting Minutes suggest an upside risk for May's Consumer Price Index . The US Dollar struggles as the softer US data raise expectations of the Fed reducing rates in 2024. The Australia n Dollar appreciates for the fourth successive day on Friday. This upside could be attributed to persistently high inflation is prompting the Reserve Bank of Australia to delay potential rate cuts.
16% 0.02% -0.13% -0.02% -0.03% GBP 0.04% 0.00% -0.12% 0.03% -0.12% -0.02% -0.04% JPY 0.19% 0.16% 0.12% 0.16% 0.03% 0.11% 0.12% CAD 0.03% -0.02% -0.03% -0.16% -0.16% -0.04% -0.06% AUD 0.17% 0.13% 0.12% -0.03% 0.16% 0.10% 0.11% NZD 0.07% 0.02% 0.02% -0.11% 0.04% -0.10% -0.02% CHF 0.05% 0.03% 0.04% -0.12% 0.06% -0.11% 0.02% The heat map shows percentage changes of major currencies against each other.
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