Look ahead: RBA interest rate decision; ZEW; US retail sales; Ashtead
AUD/USD remains stuck in range and awaits the RBA meeting and Chinese data for a breakout. The Reserve Bank of Australia is expected to keep rates unchanged.
Watch US retail sales and industrial output ahead of a quiet week for economic data. Ashtead, the equipment rental company, reports earnings.
(AI Video Summary)
RBA's interest rates decision
Angeline Ong previews key financial indicators for Tuesday, 18 June, including the RBA's expected decision to maintain interest rates at 4.35% amidst mixed economic signals from Australia. She points out trends in the AUD/USD pair influenced by RBA's inflation focus.
ZEW sentiment
Additionally, economic sentiment from Germany (ZEW survey) and varied US economic reports, including retail sales and industrial production, are set to be released. Observations on the EUR/USD pair also highlights significant currency trends amid global economic uncertainties and upcoming French elections.
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