Australian Dollar futures slide to seven-month lows following U.S. CPI data.
Dan Deming evaluates pressure across the foreign exchange market following the morning's U.S. CPI release and subsequent Federal Reserve commentary. Australian Dollar futures led declines, breaching the 0.686 level to test lows not seen since late March. Higher Treasury yields bolstered the U.S. dollar, extending broad weakness across major currencies. The euro retreated toward the lower end of an 18-month range, while the British Pound and Japanese Yen futures faced concurrent selling pressure. Learn more about trading futures and options at CME Group: #AustralianDollar #CurrencyFutures #ForexTrading
Dan Deming evaluates pressure across the foreign exchange market following the morning's U.S. CPI release and subsequent Federal Reserve commentary. Australian Dollar futures led declines, breaching the 0.686 level to test lows not seen since late March. Higher Treasury yields bolstered the U.S.
dollar, extending broad weakness across major currencies. The euro retreated toward the lower end of an 18-month range, while the British Pound and Japanese Yen futures faced concurrent selling pressure. Learn more about trading futures and options at CME Group: #AustralianDollar #CurrencyFutures #ForexTrading