4 Global Market Updates- 30 July, 2022

 

In this article, we have covered the highlights of global market news about the AUD Forecast, Gold Price, Silver Price and Crude Oil Price.
AUD: US Dollar Volatility Dominates the AUD

Another eventful week for the AUD ended worth more than at the beginning of the week.

The release of domestic inflation estimates, followed by a rate rise from the Federal Reserve and GDP data from the United States, gave plenty of ammo for market turbulence. On Tuesday, the RBA will deliberate on whether or not to change the current interest rate.

The Australian consumer price index came in lower than expected, which dampened expectations of a significant interest rate increase from the Reserve Bank of Australia (RBA) this week.

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