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Mar 26 - 07:55 AM

AUD/USD - Maintains 0.65 Handle Before Aussie Inflation Data

By Rob Howard  —  Mar 26 - 05:35 AM
  • AUD/USD has traded a 22 pip range thus far Tuesday; 0.6532-0.6554

  • 0.6554 is three pips shy of 38.2% Fibo of recent fall from 0.6634 to 0.6510

  • AUD supported by firmer than expected yuan fix from the PBOC nL2N3G402T

  • The Australian dollar is often used as a liquid proxy for the yuan

  • Australian February inflation data due at 0030 GMT; CPI forecast at 3.5% YY

  • CFTC data showed net AUD short rose to all-time high in week ended March 19

Source:
Refinitiv IFR Research/Market Commentary

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