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Dec 10 - 07:55 AM

AUD/USD - Pivots 0.7150 Ahead Of U.S. Inflation Data

By Rob Howard  —  Dec 10 - 06:05 AM
  • AUD/USD holds close to 0.7150 ahead of U.S. Nov inflation data at 1330 GMT

  • CPI f/c +6.8% YY nL1N2SU1G4. Higher than expected CPI might buoy USD

  • 0.7187 was two-week high for AUD/USD Thursday vs 0.6995 low Monday

  • Some AUD shorts were squeezed during the near two cent climb to 0.7187

  • Monday's 0.6995 low was pip shy of last week's 13-month low nL1N2SR0JN

  • Iron ore racks up third straight weekly rise nL1N2SV07E

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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