Australian dollar hits 8-month high against US dollar; consumption data may show weakness

Columns:Forex insights and analysis author:btczxw time:2024-08-29 22:10:07
🚀 AI-CrypTo — Intelligent quantitative crypto investment, easy to achieve wealth growth! 💰
  • AI-CrypTo platform provides you with the safest, most stable and most profitable cryptocurrency automatic quantitative trading system! With a minimum deposit of 10 USDT, you can activate your investment account and enjoy stable returns and flexible withdrawals! 💵 Each model has a different rate of return, choose a higher level of investment to earn more! AI quantitative returns range from VIP1 to VIP11, with daily returns as high as 40.9%! The more you invest, the greater the return! 💸
  • 📱Open an account now to receive rewards: https://crypto819.com/#/register?ref=766274
  • ✅Join the AI-CrypTo agent alliance, invite friends, and earn high commissions! Up to **30.2% daily income, and 10% direct referral commission! 💼 Recharge rewards every day, the stronger the team, the richer the rewards!

    The Australian dollar rose to an eight-month high against the U.S. dollar, mainly benefiting from the continued weakness of the U.S. dollar. Next, the market will focus on the performance of Australia's July retail sales data.

    澳元/美元 4 小时图

    Australia's July retail sales data is expected to fall by 0.3% month-on-month, lower than the 0.5% growth in the previous month. This is because consumers are squeezed by high interest rates and high living costs and are more cautious about discretionary spending.


    The Reserve Bank of Australia continues to maintain a hawkish stance and is unlikely to cut interest rates in the next six months. However, the market has expected the RBA to cut interest rates in November and early 2025.


    Overall, the AUD/USD is expected to remain strong in the short term, but the performance of retail sales data will become the focus of attention and may have a certain impact on the exchange rate. Investors need to pay close attention to the development of future economic data.


    🚀 AI-CrypTo — Intelligent quantitative crypto investment, easy to achieve wealth growth! 💰
    • AI-CrypTo platform provides you with the safest, most stable and most profitable cryptocurrency automatic quantitative trading system! With a minimum deposit of 10 USDT, you can activate your investment account and enjoy stable returns and flexible withdrawals! 💵
    • Each model has a different rate of return, choose a higher level of investment to earn more! AI quantitative returns range from VIP1 to VIP11, with daily returns as high as 40.9%! The more you invest, the greater the return! 💸
    Official certification platform
    share to:
    read:885Second-rate

    I want to leave a message

      

    Classification