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Jun 10 - 04:55 AM
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AUD/USD - Respects 0.70 Support Level Before US CPI Data
By Robert Howard — Jun 10 - 03:08 AM
• AUD/USD has traded a 23 pip range thus far Wednesday; 0.7009-0.7032
• 0.7009 is four pips above Tuesday's two-month low
• U.S. May CPI data due at 1230 GMT; 4.2% YY expected vs 3.8% in April
• Hotter print could spur hawkish shift in Fed expectations, and boost USD
• 0.6979 (April 13 low) is an AUD/USD support point below 0.7000
• Iran targets US bases in Jordan and the Gulf after Trump
orders strikes near Hormuz
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters