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AUD/USD traders get set for a potential wild ride in economic events

AUD/USD came under pressure on Friday in the final stages of the New York day, falling 0.14% from a high of 0.6977 to print a low of 0.6893. However,

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Transcripts for BBCNEWS Breakfast 20220216 07:07:00

With january 2021 a year before inflation is a measure of a big virtual basket of goods and services that we typically spend our money on. everything from food and fuel to clouding, but where, train tickets, cinema tickets, energy builds, all of that. it measures how much those prices have changed over 12 months. it is an average increase, so people will have noticed some things have gone up by more than 5.5%, some things will not have gone up by quite as much. we know that the main drivers in pushing up inflation in january where clouding and but where, housing gusts, furniture, household services like energy builds, and household goods, as well. the reason this matters is because if people s wages do not keep up with the average rise in prices, but simply your moneyjust does not go as far. some people have had wage increases but of course not everyone. this rise in average prices add to that squeeze on

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