RBA expected to keep rates steady at 4.35%, AUD/USD pair influenced by inflation trends.

From IG Group: 2024-06-17 09:23:19

On Tuesday, 18 June, the RBA is expected to maintain interest rates at 4.35%, despite mixed economic signals in Australia. The AUD/USD pair is being influenced by RBA’s focus on inflation trends.
Germany’s ZEW survey and US reports on retail sales and industrial production are also set to be released. Currency trends, like the EUR/USD pair, indicate significant movements amidst global economic uncertainties and upcoming French elections.



Read more at IG Group: Outlook for RBA interest rate decision, ZEW survey