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Feb 27 - 09:55 PM

AUD/USD - Slight Dip As Jan CPI Softer Than Expected

By John Noonan  —  Feb 27 - 07:40 PM
  • AUD/USD eased from 0.6545 to just below 0.6540 after Jan Aus CPI

  • It came in a bit softer than expected at +3.4% Y/Y (+3.6% exp) nAZN1KXSJC

  • Reaction short-lived and it is trading back above 0.6540

  • Support is at the 21-day MA at 0.6529 and yesterday's 0.6535 low

  • RBNZ decision out shortly may prompt a bigger reaction to AUD and NZD

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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