Forex
US Inflation Data Looms as AUD/USD Prices Remain Steady
AUD/USD prices remained stable in Asian trading on Thursday as markets awaited key inflation data from the United States.
The US August PPI (Purchasing Managers' Index) is due to be released on Thursday, with a predicted increase of 0.4% month-over-month, while the CPI (Consumer Price Index) will be announced on Friday, also expected to rise by 0.4% month-over-month and 3.4% year-over-year.
Futures pricing suggests a 60% chance that the Federal Reserve will hike the federal funds rate by 25 basis points on September 16.
The US and Iran have engaged in their biggest shipping attacks since the start of the war, with Brent crude prices reaching $101.33 a barrel, their highest level since May 22.