AUD/USD Outlook: RBA Lowers Growth Expectations as Inflation Soars

November 4, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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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.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

AUD/USD Outlook: RBA Lowers Growth Expectations as Inflation Soars

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