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Feb 29 - 07:55 AM

AUD/USD - Near Two-Week Low Ahead Of US Core PCE Data

By Rob Howard  —  Feb 29 - 06:15 AM
  • 0.6495 is low water-mark for AUD/USD since its Asian session high of 0.6521

  • That low is seven pips shy of Thursday's two-week low (following RBNZ hold)

  • US Jan core PCE data due at 1330 GMT; 0.4% MM and 2.8% YY f/c nL2N3FD0XS

  • Hotter than expected prints might depress AUD/USD towards 0.6443 (Feb low)

  • Citi went short AUD/NZD on Wednesday (post-RBNZ); target 1.0275, stop 1.0825

  • Australia invites China's Foreign Minister to visit next month, SCMP reports

Source:
Refinitiv IFR Research/Market Commentary

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