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Apr 24 - 04:55 AM
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AUD/USD - Respects One-Week Low; Oz CPI Data Due Next Week
By Robert Howard — Apr 24 - 03:57 AM
• AUD/USD has traded a 20 pip range thus far Friday; 0.7115-0.7135
• 0.7115 is 4.4 pips above Thursday's base (lowest level since April 14)
• Safe-haven USD supported by Middle East uncertainty
• AUD/NZD rises towards 1.22 again (AUD/NZD was last at 1.22 in 2013)
• Australian March CPI data due on April 29: jump expected, to 4.7% (Reuters poll)
• Even hotter print would increase probability of another
RBA rate hike in May
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters