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Sep 13 - 07:55 AM

AUD/USD - Rising USD, SPX Correlation Raises U.S. CPI Influence

By Justin Mcqueen  —  Sep 13 - 06:35 AM
  • AUD/USD continues to languish around recent lows ahead of U.S. CPI

  • While Chinese officials have attempted to stem the decline in the yuan

  • AUD has struggled benefit from the yuan's recent stability

  • Rising 30D correlation with USD, SPX suggests increased influence on AUD

  • Thus, the U.S. CPI data is likely to have a bigger impact on direction

  • Topside CPI surprise raises the risk of a break below the YTD low (0.6358)

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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