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Mar 12 - 07:55 AM

AUD/USD - On 0.66 Handle Before US CPI Data

By Rob Howard  —  Mar 12 - 06:15 AM
  • AUD/USD has traded a modest 12 pip range thus far Tuesday; 0.6609-0.6621

  • Calm precedes US Feb CPI data at 1230 GMT; 3.1% YY f/c. Core f/c at 3.7% YY

  • Hotter than expected CPI could lift USD, deflate AUD/USD through 0.6597

  • 0.6597 was Monday's base (lowest level since 0.6667 eight-week high Friday)

  • Dalian iron ore falls to 5-month low (iron ore is big export earner for Oz)

  • Dimon urges Fed to wait past June before cutting interest rates nL2N3FP2TT

Source:
Refinitiv IFR Research/Market Commentary

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