FX Watch: Will Australian CPI Release Push GBP/AUD Back to Monthly Highs?

The Australian dollar has been all over the charts — and it’s only Tuesday! In case you missed it, the commodity currency started the week reacting to last week’s Fed rate cut. More recently, it received a boost from the People’s Bank of China (PBOC) as it works to stimulate the world’s second largest economy. Meanwhile, the pound retreated after weaker-than-expected September PMI reports took some of the shine off last week’s “restraint” from the Bank of England.