- The AUD/USD currency pair rallied significantly on Wednesday as the CPI number came out much cooler than anticipated.
- Because of this, the idea is that the Federal Reserve can start to pivot a bit, but it’s very unlikely to happen. After all, inflation is 3 ½ times what the Federal Reserve looks for, so they are going to continue to be very tight.
AUD/USD Forecast: Aussie Rallies After Cool CPI Figure
