AUD/USD Reaches Possible Bottom: Strategies for a Potential Rebound

AUD/USD Consolidates as Investors Eye Fed Rate Cut Timing

The AUD/USD currency pair is continuing to consolidate after Friday’s mixed data left the chances of a March rate cut by the Federal Reserve above 50%. This has kept yields on the 10-year debt steady at around 4%. Investors will be closely watching key data later in the week as speculation continues regarding the timing of the first rate cut by the Fed. Inflation data from both the US and China will also be released, making the AUD/USD a key currency pair to watch and trade this week. The return of risk appetite, as seen by Monday’s rally on Wall Street, is good news for commodity dollars like the Australian dollar.