Aussie Dollar is telling me inflation will abate
June 10, 2022 Leave a comment
A decline in tonight’s (Friday) U.S. Consumer Price Index (CPI) report will help confirm my thinking that inflation will abate.
Keep in mind, that the CPI figure is a lagging reading, which is why I’m posting a chart of U.S. inflation and the AUD/USD.
You’ll notice the symbiotic relationship until lately.
The AUD not rallying along with the rate of inflation tells me inflation will abate.
I believe currency (and credit) markets before anything else.
June 10, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 