AUD/USD stands still with the market awaiting the US Core PCE inflation figures and personal spending insights. Forecasts suggest a slight slowdown in Core PCE inflation for February, with personal income and spending data also in focus. Australian economic indicators hint at a cooling economy, increasing speculation on RBA's future rate decisions.
On the Australia’s front, economic data revealed during the week, revealed that monthly inflation was below estimates, with Retail Sales missing forecasts. With the economy beginning to show signs of slowing down, has raised expectations for potential interest rate cuts by the Reserve Bank of Australia toward the second half of 2024. Next week, Aussie’s Judo Bank PMI figures, along with the RBA's latest meeting minutes, could shed some light on the economy's progress.