🔵 Here are the most important developments:
• At dawn on Tuesday, the Australian Central Bank kept the interest rate as it is at 4.35%.
⬅️ The Australian Central Bank gave signals that it is looking forward to cutting the interest rate in the coming weeks after assurances of a decline in inflation.
• Therefore, we witnessed a decline in the Australian dollar against other currencies.
• In general, the US dollar is still in a better position against currencies such as the euro, franc and pound.
👈 Tomorrow, Wednesday, we will witness an important day awaiting the release of US inflation indicators that will determine whether the Federal Reserve will cut interest or fix it on the 18th of this month.
⬅️ If inflation actually rises as expected to 2.7%, the Federal Reserve may not move to cut it and thus support the rise of the dollar, and vice versa.
⬅️ Also, tomorrow, the Canadian interest rate decision is expected to be reduced by half a point.
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