By John Noonan — Mar 26 - 08:40 PM
AUD/USD has eased from 0.6531 to 0.6520 after Feb CPI nAZN1MMEJ5
It came in at +3.4% Y/Y vs expectations of +3.5%
There was speculation it would be even higher due to a higher petrol prices
The RBA would be relieved the inflation number was in line with expectations
Support is at a trend line at 0.6512 with bids around 0.6500
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Source:
Refinitiv IFR Research/Market Commentary