AUD/USD: forecast for July 24-2

The weakness of the US currency made AUD/USD leap higher. Better-than-expected economic data from China contributed to the increase. Australian labor market figures were also bright: there was the second highest one-month employment gain since 2011. The minutes of the Reserve Bank of Australia’s July meeting showed that the regulator sees the necessity of higher rates. In this positive environment, the pair’s small retreat by the end of the week was caused just by the massive profit taking and not by some bad things.


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FOMC Meeting, Gold Plunge, and Pound Decrease | Market News
FOMC Meeting, Gold Plunge, and Pound Decrease | Market News

Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.

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