Ella 
AUD/USD fell for the second consecutive day on Friday. However, due to the thin Easter market, market activity is expected to remain sluggish. Meanwhile, recent data shows that U.S. GDP is growing at an annual rate thanks to consumer spending. This weakened AUD/USD.
The Aussie dollar struggled amid weak Australian consumer inflation expectations and weak retail sales data. The indicators have raised expectations that the Reserve Bank of Australia (RBA) may cut interest rates in the second half of 2024. In addition, weaker Australian monthly consumer price index data released on Wednesday further strengthened this outlook.
The U.S. dollar index (DXY) appears poised to extend its winning streak, with the greenback boosted by hawkish comments from Federal Reserve (FED) officials. Federal Reserve Governor Christopher Waller’s speech on Wednesday suggested that the central bank may delay cutting interest rates given the strong inflation data. Investors are now awaiting Friday’s U.S. personal consumption expenditures (PCE) report, the Fed’s preferred inflation gauge, for more insight and guidance.
The U.S. dollar index (DXY) appears poised to extend its winning streak, with the greenback boosted by hawkish comments from Federal Reserve (FED) officials. Federal Reserve Governor Christopher Waller’s speech on Wednesday suggested that the central bank may delay cutting interest rates given the strong inflation data. Investors are now awaiting Friday’s U.S. personal consumption expenditures (PCE) report, the Fed’s preferred inflation gauge, for more insight and guidance.
