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May 11 - 03:55 PM

AUD/USD - Consolidation Ahead Of Key US Inflation Data

By Christopher Romano  —  May 11 - 02:24 PM
  • AUD/USD holds to tight range for NY as investors await US CPI

  • Sinking equities, rising US yields & USD/CNH help cap AUD/USD's upside

  • Copper HGv1 & iron-ore DCIOc2 gains help limit AUD/USD's downside

  • AUD/USD trades 0.7820/57 in NY, sits near 0.7840 late in the day

  • An above estimate CPI could drive US rates, US$ up & sink AUD/USD

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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