Fundamental Forecast for the Australian Dollar: Neutral
- Conflicting cues abound as markets eye CPI data to inform RBA views
- Hawkish FOMC statement may renew risk aversion, sink Aussie Dollar
- See how FXCM traders are positioned in AUD/USD with DailyFX SSI
The Australian Dollar launched an aggressive recovery last week, posting the largest five-day advance in three months against a backdrop of firming risk appetite. Follow-through is far from assured however as a busy docket of high-profile event risk promises volatility and threatens to cap upside momentum.