{"id":95200,"date":"2024-01-11T19:27:42","date_gmt":"2024-01-11T15:27:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=95200"},"modified":"2024-01-11T21:29:25","modified_gmt":"2024-01-11T17:29:25","slug":"aud-usd-declines-after-us-cpi-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/aud-usd-declines-after-us-cpi-data\/01\/11\/market-updates\/","title":{"rendered":"AUD\/USD declines after US CPI data"},"content":{"rendered":"\n<p>The AUD\/USD saw a loss of 0.30% and dropped below the 0.6700 mark. Declining US CPI in December reduced dovish Fed bets. The pair&#8217;s downside is constrained because there is a good chance the Fed will lower rates in March.<br><br>On Thursday, the Australian dollar declined in value relative to the US dollar, with the two currencies trading close to the 0.6685 level.<br><br>The unexpectedly strong Consumer Price Index (CPI) data from the US, which caused dovish bets on the Federal Reserve (Fed) soften, has been a major driver to this negative movement.<br><br>The Consumer Price Index (CPI) increased 3.4% YoY in December, according to the US Bureau of Labour Statistics, above the 3.2% forecast. Additionally, the monthly CPI growth increased by 0.3%, above the 0.2% estimate. <br><br>November&#8217;s Core CPI dropped from 4% to 3.9%. Investors are still banking on more than 50% chance of a drop in March and May, which would leave the target rate at 450\u2013475 basis points by June, even though there has been a slight relaxation of their dovish bets on the Fed.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AUD\/USD saw a loss of 0.30% and dropped below the 0.6700 mark. Declining US CPI in December reduced dovish Fed bets. The pair&#8217;s downside is constrained because there is a good chance the Fed will lower rates in March.On Thursday, the Australian dollar declined in value relative to the US dollar, with the two &hellip;<\/p>\n","protected":false},"author":13,"featured_media":93836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,7987,6885,6987,7740],"class_list":["post-95200","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-cpi-data","tag-fed","tag-inflation","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=95200"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95200\/revisions"}],"predecessor-version":[{"id":95205,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/95200\/revisions\/95205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/93836"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=95200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=95200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=95200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}