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Nov 09 - 08:55 AM

AUD/USD - US Dollar, Rate Gains Weigh Ahead Of US CPI

By Christopher Romano  —  Nov 09 - 07:30 AM
  • US rates EDH3 gain & broadly underpin US$; helped sink AUD/USD

  • China CPI/PPI nL1N325065 below estimate as economic growth wanes

  • Safe-havens bought; USD/CNH neared 7.2700, AUD/JPY neared 94.15

  • Equity ESv1, commodity HGv1 drops reinforce soured risk sentiment

  • AUD/USD traded 0.6522-0.64575, NY opens near 0.6475, down -0.54%

  • Daily RSI falling but monthly rising; pair below 55-DMA but above 10-DMA

  • AUD/USD consolidating gains off Nov 3 low, is a bullish signal

  • US October CPI data and its potential effect on Fed policy looms

  • A downside surprise may sink US rates, US$ & help AUD/USD rally

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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