Aussie is pushing lower due to dollar strength. The RBA reduced the forecast for economic growth in Australia. Australia’s central bank expects inflation to peak at 8% from a previous forecast of 7.75%. Today’s AUD/USD outlook is bearish as the dollar extends Thursday’s gains. The pair is also losing ground as investors digest the RBA’s …
The post AUD/USD Outlook: RBA Lowers Growth Expectations as Inflation Soars appeared first on Forex Crunch.
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