By Christopher Romano — Mar 14 - 07:30 AM
AUD/USD fell to 0.6633 overnight; US rate EDZ3, US$ gains weighed
USD/CNH rally to 6.8880 on D3 helped to drive AUD/USD lower
Buyers emerged however and the pair opened NY near the 10-DMA
Pair's lift aided by equity ESv1 and iron-ore DCIOc2 gains
AUD/USD sat near 0.6660 in early NY, traded down -0.10%
Investors await Feb. CPI & its potential effect on Fed policy
A downside surprise likely sends the U$, US rates lower
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Source:
Refinitiv IFR Research/Market Commentary