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AUD/USD Rate Faces Australia CPI Report & Fed Rate Decision 2021-07-24 02:00:00 David Song, Strategist Australian Dollar Talking Points AUD/USD faces a batch of key event risks going into the end of July as Australia’s Consumer Price Index (CPI) is anticipated to hit a 13-year high, while the Federal Reserve appears to be on track to adjust the forward guidance for monetary policy. AUD/USD carves a series of higher highs and lows as it bounces back from a fresh monthly low (0.7289), and Australia’s CPI report may influence the exchange rate ahead of the Federal Open Market Committee (FOMC) interest rate decision as inflation is projected to increase to 3.8% in the second quarter of 2021, which would mark the highest reading since 2008.

Jerome powellPhilip loweMarket committeeFederal reserveAustralian dollar talkingConsumer price indexAustralian dollarFederal open market committeeFaces australiaFed rateAustralia dollarReserve bankGovernor philip loweChairman jerome powellDavid songஜெரோம் போவல்