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Message: [QUOTE="SOLIDECN, post: 228207, member: 80239"] [HEADING=1]Australian Dollar Rises Amid Cooling Inflation[/HEADING] [JUSTIFY][img]https://i.postimg.cc/t47tXJF0/AUDUSD-H4.png[/img] Solid ECN – The Australian dollar climbed to nearly $0.67, recovering from its four-week low. This rise occurred despite new data indicating a slowdown in inflation. In November, Australia's CPI grew by 4.3% compared to last year, less than October's 4.9% increase and the smallest since January 2022. The figure was also lower than the anticipated 4.4%. Given the services sector's robustness, this suggests the Reserve Bank of Australia might not raise interest rates. The market doesn't expect the central bank to increase rates beyond the existing 4.35%. Also, the likelihood of a rate cut in May has decreased to about 36%.[/JUSTIFY] [/QUOTE]

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