FX Watch: Will Australia’s CPI Release Push GBP/AUD Back To Its Monthly Highs?

The Australian dollar has been all over the charts – and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Federal Reserve rate cut. More recently, it’s been getting a boost from the People’s Bank of China (PBOC) as it works to stimulate the world’s second-largest economy. Meanwhile, the pound has been on the back foot after September’s PMI reports took some of the shine off the Bank of England’s “hawkish” stance last week.