FX Weekly – French election, US CPI, Powell’s testimony, AUD/USD outlook

Carol Kong (Economist and FX strategist) and Kristina Clifton (Senior international economist and FX strategist) discuss the outcome of the French parliamentary election and implications for EUR/USD.  They preview the US June CPI and FOMC Chair Jay Powell’s testimony which will likely be the main drivers of currencies this week.  They also run through a few reasons for why they expect further upside in AUD/USD in the coming year.

 

Disclaimer: 

 

Important Information  

This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). 

Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.  

No Reliance 

This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes. 

This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.  

The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made. 

Liability Disclaimer 

The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided, or arising out of the use of all or part of the podcast.