November Summary
- In November the AUD was dominated by the softer US CPI that came out mid month.
- This led the market to believe that the FED has now finished this hiking cycle and will commence interest rate cuts in 2024.
- The other tail wind the AUD gained over the month (apart from a rate hike) was more positive news from China regarding support for the property development sector.
- This month has been quiet and the AUD has shaken off softer Retail Sales and Monthly CPI.
Snapshot of the Month
Key Upcoming Dates
| 1st Dec | U.S. Personal Consumption Expenditures |
| 8th Dec | US Non Farm Payrolls |
| 9th Dec | China Consumer Price Index |
| 12th Dec | U.S. Consumer Price Index |
| 13th Dec | Federal Open Market Committee |
| 14th Dec | Interest Rate Decision by European Central Bank, Bank of England, |
| 14th Dec | Australia Employment Data |
| 19th Dec | Interest Rate Decision by Bank of Japan |
| 22nd Dec | U.S. Gross Domestic Product |
Want to keep up to date with our CCY Wrap?
Follow our LinkedIn for daily market insights or discover more at EbonFX