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Jan 12 - 07:55 AM

AUD/USD - Hugs 0.67 Ahead Of Expected PBOC Action Monday

By Rob Howard  —  Jan 12 - 05:50 AM
  • AUD/USD hugs 0.6700 as it consolidates gains from 0.6648 (Thursday's low)

  • Ascent from 0.6648 influenced by lower UST yields - which hurt the USD

  • 0.6648 intra-week low was plumbed after hotter than expected US CPI data

  • Fed officials say December CPI did not budge view of inflation nL1N3E12ET

  • China central bank set to cut key rate, boost liquidity Monday nL4N3E125K

  • AUD is often used as a liquid proxy for CNY. Iron ore prices fell on Friday

Source:
Refinitiv IFR Research/Market Commentary

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