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Jul 26 - 06:55 AM

AUD/USD - Near Five-Week High Before Aussie Inflation Data

By Rob Howard  —  Jul 26 - 04:35 AM
  • AUD/USD holds above 0.6950 after dip from 0.6984 (five-week high in Asia)

  • 0.6950 was Asian session base (0.6950 is a former resistance level)

  • Ascent to 0.6984 influenced by higher iron ore prices nL1N2Z70CS

  • More: nL4N2Z71B6. Iron ore is Australia's biggest export earner

  • Australian Q2 inflation data due 0130 GMT; CPI f/c +6.2% YY nL1N2Z6010

  • Hotter than f/c Aussie CPI would raise risk of 75 bps RBA hike next week

Source:
Refinitiv IFR Research/Market Commentary

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