US Dollar Performance: The US dollar weakened following a soft ISM Manufacturing PMI report, with market expectations for the Fed remaining unchanged at around 62 bps of easing by year-end.
Australian Dollar Outlook: The upcoming Australian inflation data is crucial, as a soft report could lead to a significant decline in the AUD, while strong figures may support it amid hawkish RBA expectations.
Technical Analysis of AUDUSD: The AUDUSD daily chart shows a rising wedge pattern, indicating potential price movements either towards new highs or a drop to the 0.66 level, depending on market sentiment.
Upcoming Economic Events: Key economic data releases are expected this week, including Australian inflation, US ADP, ISM Services PMI, and the US NFP report, which will influence market dynamics.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
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Current: 56.660
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Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
