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Jan 12 - 05:55 PM

AUD/USD - Posts Solid Gains On Bets Of Less Hawkish Fed

By Krishna K  —  Jan 12 - 05:00 PM
  • AUD/USD up 1% Thu, softer U.S. CPI fuels bets Fed will slow rate hikes pace

  • U.S consumer prices fall in Dec for the first time in more than 2-1/2 years

  • Buoyant risk appetite, lower U.S. yields, higher commodities boost AUD

  • Fed policymakers signal rate-hike slowdown coming, but no easing

  • Robust Australia economy, China reopening optimism to fuel further AUD gains

  • Resistance 0.7000-10, 0.7040-50; support 0.6945-50, 0.6920-25

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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