If the Aussie dollar rises further against the US dollar (on expectations of Fed cuts, vs RBA keeping rates as in), then watch AUDS, that gained 2.9% last week
For those that believe, US CPI will continue to fall and allow the Fed to cut, while the RBA will probably keep rates where they are, then you might expect the Aussie dollar against the US dollar to rise further. So watch the AUDS.
Have you considered the AUDS $BetaShares Strong Australian Dllr H ETF (AUDS.AU)$, which rose 2.9% last week after the Aussie dollar (Vs the USD) rose 1%.
The ETF rises 2%–2.75% when the Aussie dollar gains 1%. On Monday the Aussie dollar is at 65.83 US cents after gaining 1% last week on expectations that the Fed will cut rates while the RBA keeps rates higher for longer. This notion supports the Aussie dollar moving up. So, if you think the Fed might cut rates while the RBA keeps rates steady, this supports the Aussie dollar moving higher—so watch the strong Aussie dollar ETF (AUDS).
The next catalyst for the Aussie dollar is Wednesday's US CPI, expected to show CPI remains steady at 3%. Then, watch Thursday's AU jobs report, with 20k jobs expected to be added in July, after 50.2k were added in June. The unemployment rate is expected to remain at 4.1%.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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