The US dollar is trading at its lowest levels on Friday, as the dollar fell against most major currencies today.
Especially the Australian dollar, which is trading at its highest levels since February 2023 as part of a large-scale sell-off in the US dollar after weaker US inflation data and China's reduction in lending rates.
As the Australian dollar is particularly benefiting from the improvement of the Chinese economy and the market is waiting this week for a series of monetary and financial announcements to change the medium course of China.
The decline in inflation from the US economy gives the Fed more freedom to cut interest rates quickly.
The market is currently almost evenly divided between 50 and 25 basis points for the decision of the Federal Open Market Committee on the seventh of November, and we still have two job reports before this decision.
