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Mar 14 - 08:55 AM

AUD/USD - Familiar Turf Trod Ahead Of Key US CPI Data

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

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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