AUD/USD Could Retest 0.6400 Area Later This Year -- Market Talk

Dow Jones04-26

2317 GMT - AUD/USD is at 0.6523 early on Friday and while the AUD looks supported near term, it could ratchet lower as the year progresses, suggests Westpac. Stronger-than-expected 1Q CPI data in Australia prompted a significant reassessment of when the RBA is likely to lower interest rates. Markets are now pricing a maiden cut in early 2025, later than previous bets, and that should support the AUD near term, Westpac says. "However, the Fed is faced with similar challenges to easing, core inflation proving stickier than was expected," says Westpac. "A retest of the 0.6400 area multi-month remains possible." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 25, 2024 19:17 ET (23:17 GMT)

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Stronger-than-expected 1Q CPI data in ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430266595","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430266595","pubTimestamp":1714087020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2317 GMT - AUD/USD is at 0.6523 early on Friday and while the AUD looks supported near term, it could ratchet lower as the year progresses, suggests Westpac. Stronger-than-expected 1Q CPI data in Australia prompted a significant reassessment of when the RBA is likely to lower interest rates. Markets are now pricing a maiden cut in early 2025, later than previous bets, and that should support the AUD near term, Westpac says. \"However, the Fed is faced with similar challenges to easing, core inflation proving stickier than was expected,\" says Westpac. \"A retest of the 0.6400 area multi-month remains possible.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4125":"广播","BK7135":"综合性银行","USD":"ProShares Ultra Semiconductors","BK7511":"ESG概念","WBC.AU":"WESTPAC BANKING CORPORATION","AUD":"Audacy Inc."},"translate_title":"澳元/美元可能在今年晚些时候重新测试0.6400区域——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUD":1,"AUDUSD.FOREX":1,"USD":1,"WBC.AU":0.9},"content_text":"2317 GMT - AUD/USD is at 0.6523 early on Friday and while the AUD looks supported near term, it could ratchet lower as the year progresses, suggests Westpac. Stronger-than-expected 1Q CPI data in Australia prompted a significant reassessment of when the RBA is likely to lower interest rates. Markets are now pricing a maiden cut in early 2025, later than previous bets, and that should support the AUD near term, Westpac says. \"However, the Fed is faced with similar challenges to easing, core inflation proving stickier than was expected,\" says Westpac. \"A retest of the 0.6400 area multi-month remains possible.\" (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 25, 2024 19:17 ET (23:17 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430266595"}