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Oct 25 - 07:55 AM

AUD/USD - Retreats From Hot Australian CPI-Spurred High

By Rob Howard  —  Oct 25 - 05:45 AM
  • AUD/USD hits 0.6340 (intra-day low) after extending south from 0.6400

  • Drop to 0.6340 influenced by higher UST yields: 10-year up to 4.86%

  • 0.6400 was Asia high, after hotter than expected Australian inflation data

  • Markets currently see more chance of RBA rate hike on Nov 7 than a hold

  • 0#RBAWATCH. RBA held rates on hold in July, August, September and October

  • US, Australia to discuss China, Pacific security in White House visit

Source:
Refinitiv IFR Research/Market Commentary

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