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Jan 12 - 02:55 AM

AUD/USD - Drifts Higher As US Yields Decline, Risk Rallies

By Krishna K  —  Jan 11 - 11:10 PM
  • AUD/USD gains 0.1% as risk sentiment remains buoyant on measured Powell

  • Powell's upbeat tone on economy, assurance on curbing inflation lifts mood

  • U.S. yields dip, APAC stocks rise; 10-year yield breaks Tues low of 1.7370%

  • Focus shifts to U.S. CPI Wed, seen as crucial for immediate USD direction

  • Higher than expected CPI will reinforce divergent Fed-RBA monetary policy

  • Resistance 0.7220-25, 0.7240-45, 07275-80; support 0.7195-0.7200, 0.7150-60

  • For more click on FXBUZ


Inflation expectations unchanged: Click here

Source:
Refinitiv IFR Research/Market Commentary

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