The weekly forecast for the Australian Dollar (AUD) against the US Dollar (USD) will be influenced by key events such as China’s Purchasing Managers’ Index (PMI) data and Australian inflation numbers, which are crucial for the Reserve Bank of Australia (RBA). These economic indicators will play a significant role in determining the direction of the AUD/USD exchange rate in the coming week. Investors will closely monitor China’s PMI figures to gauge the health of the Chinese economy, as Australia’s economic performance is closely tied to its largest trading partner. Additionally, the release of Australian inflation data will provide insights into the country’s economic outlook and could impact the RBA’s monetary policy decisions. Traders should stay informed about these events to make informed decisions in the forex market.
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