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Dec 11 - 10:55 PM

AUD/USD - Under Pressure As Focus Shifts To U.S. Inflation

By Krishna K  —  Dec 11 - 09:50 PM
  • AUD/USD down 0.5% as Asia stocks drop ahead of U.S. CPI Tuesday

  • Markets gripped by U.S. inflation concerns after Friday's PPI data

  • Traders pare risk trades ahead of this week's key events and pivotal data

  • Lowe speech, Fed rate decision Wed; China monthly activity data, AU jobs Thu

  • China reopening optimism subsides, weighs on AUD/USDnL4N32Z2WAnL4N32Z13H

  • Elevated prices for iron-ore and copper limit AUD downside

  • Resistance 0.6810-15, 0.6845-50, support 0.6740-50, 0.6700-05

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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